The board of directors of Lincoln Corp. wishes to declare a $125,000 cash dividend to be divided between the preferred and common shareholders. The equity accounts prior to the dividend are the following:

8% Preferred Stock ($50 par) $ 250,000

Additional Paid in Capital 50,000

Common Stock ($10 par) 350,000

Additional Paid in Capital 250,000

Retained Earnings 500,000

Total $1,400,000

Required: How much of the $125,000 would be allocated to each class of stock under each of the following cases if no dividends have been paid in the prior three years:

A.) The preferred stock is cumulative and non-participating.

B.) The preferred stock is non-cumulative and partially participating up to 16%.

C.) The preferred stock is cumulative and fully participating.