Lincoln Company has the following equity section: Equity Contributed Capital: Preferred shares, $5, cumulative, 5000 shares outstanding $250,000 Common shares, no-par value, unlimited shares authorized, 20,000 shares issued 200,000 Total contributed capital $450,000 Retained earnings 450,000 Total equity $900,000 Dividends were not paid to the preferred shareholders for the past three years. In the current year the Board of Directors declared a $104,000 cash dividend. REQUIRED: Determine the total dividends paid to each class and the dividend per share to both common and preferred shareholders