The records of Hoffman Company reflected the following balances in the shareholders equity accounts at December 31, 2017:

Common shares, no par value, 40,500 shares outstanding	$	850,500
Preferred shares, $3, no par value, 6,200 shares outstanding		151,000
Retained earnings		237,000

On September 1, 2018, the board of directors was considering the distribution of a $69,630 cash dividend. No dividends were paid during 2013 and 2017. You have been asked to determine dividend amounts under two independent assumptions (show computations):
a.	The preferred shares are non-cumulative.
b.	The preferred shares are cumulative.

Required:
1.	Determine the total amounts that would be paid to the preferred shareholders and to the common shareholders under the two independent assumptions. (Round "Per share" to 2 decimal places.)