Pina Colada Limited's ledger shows the following balances on December $31,2023$:

Preferred shares outstanding: $20,000$ shares

Common shares outstanding: $46,000$ shares

$$460,000$

Retained earnings

$3,220,000$

$818,800$

$($a$)$

Assuming that the directors decide to declare total dividends in the amount of $$409,400,$ determine how much each class of shares should receive if the preferred shares are cumulative and fully participating. Note that one year's dividends are in arrears on the preferred shares, which pay a dividend of $$1\mathrm{.}15$ per share. $($Round intermediate percentage calculations to $4$ decimal places, e$.$g$.12\mathrm{.}2525\%$ and final answers to $0$ decimal places, e$.$g$.5,275.)$

Preferred

Common

Total

Dividends

$

$

$