Tamarisk Holding's accounting records show the following balances on December $31,2025$:

$13\%$ Preferred stock $-$$$100$ par value, outstanding $22,000$ shares

$$2,200,000$

Common stock $-$$$1$ par value, outstanding $53,000$ shares

$53,000$

Retained earnings

$1,550,000$

Assuming that the directors decide to declare total dividends in the amount of $$650,000,$ determine how much each class of stock

should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock.

$($a$)$

The preferred $$\{$ock is cumulative and fully participating. $($Round the rate of participation to $4$ decimal places, e$.$g$\mathrm{.}1\mathrm{.}4278.$ Round

answers to $0$ decimal place, e$.$g$.38,487.)$

Common

$

$