Whispering Winds Limited's ledger shows the following balances on December $31,2023$:

Preferred shares outstanding: $20,000$ shares $,$$$560,000$

Common shares outstanding: $42,000$ shares $,2,940,000$

Retained earnings

$918,400$

$(a)$

Assuming that the directors decide to declare total dividends in the amount of $$459,200,$ determine how much each class of

shares should receive if the preferred shares are cumulative and fully participating. Note that one year's dividends are in arrears

on the preferred shares, which pay a dividend of $$1\mathrm{.}96$ per share. $($Round intermediate percentage calculations to $4$ decimal places, e$.$g$.$

$12\mathrm{.}2525\%$ and final answers to $0$ decimal places, e$.$g$.5,275.)$