HELp me solve pls

Problem 8 Togo Inc. has the following shares outstanding: 40,000, $0.80, no par value preferred shares $400,000 60,000 no par value common shares $600,000 All shares were sold for $100 each. No dividends have been declared since December 31, 2011. It is now December 31, 2014, and the board of directors wants to distribute $204,000 in dividends. Instructions Calculate how much the preferred and common shareholders will receive under each of the following assumptions: a. The preferred is non-cumulative and non-participating. b. The preferred is cumulative and non-participating. The preferred is cumulative and fully participating. d. The preferred is cumulative and participating to 12% total. C