PLEASE HELP WITH PART C. I DON'T UNDERSTAND HOW TO CALCULATE. THANK YOU!

Exercise 15-22 Carla Company's ledger shows the following balances on December 31, 2017 796 Preferred Stock-$10 par value, outstanding 20,500 shares Common Stock $100 par value, outstanding 32,100 shares Retained Earnings 205,000 3,210,000 585,000 Assuming that the directors decide to declare total dividends in the amount of $343,000, determine how much each class of stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock (a The preferred stock is cumulative and fully participating. Round the rate of participation to 4 decimal places, e g 1.4278%. Round answers to 0 decimal places, eg. $38,487 34079 308921 (b) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.) | 1 Preferred @JAMITIEwn 32865 c The preferred stockis noncumulative and is participating in distributions n excess o a 9% dividen Round answers to o decimal places, e.g. 538,487.) rate on the common stock. Round t erate o partic aton to 4 dec ma aces e . 1 27 90