Novak Limiteds ledger shows the following balances on December 31, 2023:

Preferred shares outstanding: 20,000 shares $600,000Common shares outstanding: 45,000 shares 3,150,000Retained earnings 909,000

Assuming that the directors decide to declare total dividends in the amount of $454,500, 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 $2.10 per share. (Round intermediate percentage calculations to 4 decimal places, e.g. 12.2525% and final answers to 0 decimal places, e.g. 5,275.)

Preferred Common TotalDividend $enter a dollar amount $enter a dollar amount $454500

the answer is not 143280 for preferred or 311220 for common nor is it 84000 for preferred and 370500 for common!!!

Assuming that the directors decide to declare total dividends in the amount of $454,500, determine how much each class of shares should receive if the preferred shares are noncumulative and nonparticipating. Note that one years dividends are in arrears on the preferred shares, which pay a dividend of $2.10 per share. (Round answers to 0 decimal places, e.g. 5,275.)

Preferred Common TotalDividend $enter a dollar amount $enter a dollar amount $

Assuming that the directors decide to declare total dividends in the amount of $454,500, determine how much each class of shares should receive if the preferred shares are noncumulative and are participating in distributions in excess of a 10% dividend rate on the common shares. Note that one years dividends are in arrears on the preferred shares, which pay a dividend of $2.10 per share. (Round intermediate percentage calculations to 4 decimal places, e.g. 12.2525% and final answers to 0 decimal places, e.g. 5,275.)

Preferred Common TotalDividend $enter a dollar amount $enter a dollar amount $enter a dollar amount