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, 78,750 shares $1,890,000 Common shares, no-par value; authorized, unlimited shares; issued, 315,000 shares Retained earnings 3,780,000 6,100,000 Dividends of $420,000 are declared in 20X6. Consider the following three cases: Preferred Cumulative? Case A Case B No Yes Dividends Last Paid in Preferred Participating? 20X2 20X3 No 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 calculatio Preferred Dividend Common Dividend Total Case A Case B Case C $ 78,750 $ 341,250 $ 420,000 $ 236,250 $ 183,750 $ 420,000 $ 0