Metlock Fashions has $2,000$ shares of $8\%,100$ par value preference shares outstanding at December $31,2020.$ At December $31,$

$2020,$ the company declared a $122,000$ cash dividend. Determine the dividend paid to preference shareholders and ordinary

shareholders under each of the following scenarios.

Dividend paid to preference

share holders

$$

the company has not missed any dividends in

previous years.

The preference shares are non$-$cumulative, and

the company did not pay a dividend in each of the

two previous years.

Dividend paid to ordinary share

holders

$$

$$

$$

$$

$$