Indigo Holding$$s accounting records show the following balances on December $31,2025$:

$11\%$ Preferred stock$$$$100$ par value, outstanding $20,000$ shares $$2,000,000$

Common stock$$$$1$ par value, outstanding $52,000$ shares $52,000$

Retained earnings $1,570,000$

Assuming that the directors decide to declare total dividends in the amount of $$460,000,$ determine how much each class of stock should receive under each of the conditions stated below. One year$$s dividends are in arrears on the preferred stock.

The preferred stock is cumulative and fully participating.