On 31 December 20X5, Watercress Properties Ltd. reported the following in shareholders' equity: $2,497,500 Preferred shares, no-par value; $1.00 dividend, authorized, unlimited shares; issued, 83, 250 shares Common shares, no-par value; authorized, unlimited shares; issued, 333,000 shares Retained earnings 5,994, 000 6,100,000 Dividends of $438,000 are declared in 20X6. Consider the following three cases: Preferred Cumulative? No Yes Case A Case B Dividends Last Paid in Preferred Participating? 20X2 No 20X3 No Yes, after common receive $0.50 per share; participation based on relative dividends 20X5 at base level Case C Yes Required: Calculate dividends to be paid to preferred and common shares in each case. (Do not round intermediate calculations.) Preferred Dividend $ 83,250 Common Dividend Total $ 83,250 Case A Case B $ 0 Case C $ 0