Sammy Ltd$.$ Currently has outstanding $20,000$ no par value common shares with a carrying value of $$400,000,$ and $10,000$

no par value, $$0\mathrm{.}80,$ cumulative, fully participating preferred shares with a carrying value of $$200,000.$ Dividends on the

preferred sahres are one year in arrears.

Assuming that Sammy wishes to distribute $$92,000$ in dividends, calculate the dividends for both preferred shareholders

and common shareholders $($round your answers to two decimal places$)$:

Current year's dividends

Dividend rate per share for proforred shares:

Dividend for commor:

$\%5400000=$$

Participating dividends

$($a$)$ Dividend balance available for participotion:

$$92000-$$$=$$

$($b$)$ Carrying value of shores that are participating: $

$($c$)$ Rate of participotion: