k 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 Common shares, no-par value; authorized, unlimited shares; issued, 400,000 shares $1,100,000 440,000 No dividends were declared in 20X1 or 20X2, but $1,780,000 of dividends were declared in 20X3. ces 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. Year Total Paid Preferred Common 20X3 allocation: Arrears Current