Sage Companys ledger shows the following balances on December 31, 2020.

4% Preferred Stock$10 par value, outstanding 18,200 shares $ 182,000

Common Stock$100 par value, outstanding 32,400 shares 3,240,000

Retained Earnings 684,000

Assuming that the directors decide to declare total dividends in the amount of $333,000, determine how much each class of stock should receive under each of the conditions stated below. One years dividends are in arrears on the preferred stock. (

(a) The preferred stock is cumulative and fully participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.)

(b) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.)

(c) The preferred stock is noncumulative and is participating in distributions in excess of a 7% dividend rate on the common stock. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.)