On 31 December 20 5 , Watercress Properties Ltd. reported the following in shareholders' equity: Dividends of $432 , 000 are declared in 20 6 . Consider the following three cases: Required: Calculate dividends to be paid to preferred and common shares in each case. (Do not round intermediate calculations.) Dividends of $432 , 000 are deciared in 20 6 . Consider the following three cases: Required: Calculate dividends to be paid to preferred and common shares in each case. (Do not round intermediate calculations.)