On 31 December 20X5, Watercress Properties Ltd. reported the following in shareholders equity:

Preferred shares, no-par value; $1.00 dividend, authorized, unlimited shares; issued, 87,750 shares	$	3,159,000
Common shares, no-par value; authorized, unlimited shares; issued, 351,000 shares		8,424,000
Retained earnings		6,100,000

Dividends of $456,000 are declared in 20X6. Consider the following three cases:

	Preferred Cumulative?	Dividends Last Paid in	Preferred Participating?
Case A	No	20X2	No
Case B	Yes	20X3	No
Case C	Yes	20X5	Yes, after common receive $0.50 per share; participation based on relative dividends at base level

Required: Calculate dividends to be paid to preferred and common shares in each case. (Do not round intermediate calculations.)