Marigold Inc. had net income for the current year ending December 31,2023 of $886,540. During the entire year, there were 507,000 common shares outstanding. The company had two classes of preferred shares outstanding: the Class A preferred shares were $2.24 cumulative shares of which 11,000 were outstanding, and were convertible to common shares at a rate of 1:1. There were 100,000 $6.24 Class B non-cumulative preferred shares outstanding that were also convertible at a rate of 1:1. Marigold had outstanding a $1,000,000,6% bond issued at par in 2012 that was convertible to 22,000 common shares. The company also had outstanding a $1,000,000,4% bond issued at par in 2013 that was convertible to 26,000 common shares. No dividends were declared or paid this year. Marigold's tax rate is 39%. (a) Your answer is correct. Calculate the income effect of the dividends for the Class A preferred shares. Dividends on Class A preferred shares $ Your answer is incorrect. Calculate the income effect of the dividends for the Class B preferred shares. (Do not leave any answer field blank. Enter 0 for amounts.) Dividends on Class B preferred shares $