McNamara Limiteds ledger shows the following balances on December 31, 2014:

Preferred shares outstanding: 15,000 shares		$	315,000
Common shares outstanding: 38,000 shares			2,698,000
Retained earnings			988,800

Assuming that the directors decide to declare total dividends in the amount of $494,400, determine how much each class of shares should receive if the preferred shares are cumulative and fully participating. Note that one years dividends are in arrears on the preferred shares, which pay a dividend of $1.05 per share. (Round answers to 0 decimal places, e.g. 5,275.)

Preferred Common Total

Dividend: $ ???? $ ???? $ ???

Then repeat the question except for if preferred shares are non-cumulative and non participating.

And one for if the preferred shares are noncumulative and are participating in distributions in excess of a 8.00% dividend rate on the common shares