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, 81,000 shares $ 2,187,000 Common shares, no-par value; authorized, unlimited shares; issued, 324,000 shares 4,860,000 Retained earnings 6,100,000 Dividends of $429,000 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.)