In 20x3, Snowboard Ltd. had the following share capital outstanding: Preferred shares, no-par value; $1.00 dividend: authorized, unlimited shares; issued, 100,000 shares Comon shares, no-par value: authorized, unlimited shares; issued, 400,000 shares $1,300,000 440,000 No dividends were declared in 20X1 or 20x2, but $1,540,000 of dividends were declared in 20X3. Required: Calculate the amount of dividends that would be paid in 20x3 to each share class under the following separate cases. Case A Preferred shares are cumulative and non-participating. Total Paid Preferred Common Year 20X3 allocation: Arrears Current Remainder 0 $ 200,000 100,000 0 0 Total $ 1.540,000 1,240,000 $ 1,240.000 $ 300,000 Case B Preferred shares are cumulative and participating with common shares after the common shares receive a $1 per share dividend. Participation is based on relative annual total base dividends. Total Paid Preferred Common Year 20x3 allocation Arrears $ $ 200,000 100,000 0 0 400.000 Current Matching Remainder Total $700,000 $ 300,000 $400,000