On 31 December 2005, Ralph Inc. reported the following in shareholders' equity: Preferred shares, no-par value; $1.00 dividend, authorized, unlimited shares; issued, 88,500 shares Common shares, no-par value; authorized, unlimited shares; issued, 354,000 shares Retained earnings $3,274,500 8,850,000 6,100,000 Dividends of $459,000 are declared in 2006. Consider the following: Preferred Cumulative? Yes Dividends Last Paid in 20XB Preferred Participating? No Required: Calculate dividends to be paid to preferred and common shares. (Do not round intermedi Preferred Dividend Common Dividend Total