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

8% Preferred Stock$10 par value, outstanding 20,400 shares		$ 204,000
Common Stock$100 par value, outstanding 27,300 shares		2,730,000
Retained Earnings		589,000

Assuming that the directors decide to declare total dividends in the amount of $396,000, 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.)

Preferred		Common