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, 81,750 shares $2,289,000 Common shares, no-par value; authorized, unlimited shares; issued, 327,000 shares Retained earnings 5,232,000 6,100,000 Dividends of $432,000 are declared in 20X6. Consider the following three cases: Preferred Cumulative? Year of Last Dividends Case A No 20x2 No Case B Yes Case C Yes 20x3 20x5 No Preferred Participating? 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.) Dividends of $432,000 are declared in 20X6. Consider the following three cases: Preferred Cumulative? Year of Last Preferred Participating? Dividends Case A Case B Case C No 20x2 No Yes 20x3 No 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.) Case A Case B Case C Preferred Olvidend Common Dividend Total