In $20\backslash$times $3,$ Snowboard Ltd$.$ had the following share capital outstanding:

Preferred shares, no$-$par value; $$1\mathrm{.}60$ dividend: authorized, unlimited

shares; issued, $100,000$ shares

Common shares, no$-$par value; authorized, unlimited shares;

issued, $640,000$ shares

No dividends were declared in $201$ or $202,$ but $$1,480,000$ of dividends were declared in $203.$

Required:

Calculate the amount of dividends that would be pald in $203$ to each share class under the following separate cases:

Case A Preferred shares are cumulative and non$-$participating.

Case B Preferred shares are cumulative and participating with common shares after the common shares recelve a $$1$ per share

dividend. Participation is based on relative annual total base dividends.