Umbrello Plastics Limited reports the following shareholders' equity as of December 31, 2021: Preferred shares, $ 5.00, cumulative, 250,000 shares authorized, 80,000 shares issued $ 2,400,000 Common shares, unlimited shares authorized, 216,000 shares issued 1,050,000 Retained earnings 6,400,000 Total shareholders' equity $ 9.850.000 Required: a) What was the average per share amount for common shares? (round to two decimal places) b) What was the average per share amount for preferred share? (round to two decimal places) c) Assume no dividends were declared last year and the board of directors declares $ 1,600,000 in total dividends in 2021. Calculate the amount per share each class of shares will receive. (round to two decimal places)