Please only answer if you are $100\%$ sure your answer is correct. I'll leave a thumb down is your answer is wrong or irrelevant!

In $20$X$3,$ Snowboard Ltd$.$ had the following share capital outstanding:

Preferred shares, no$-$par value; $$1\mathrm{.}00$ dividend: authorized, unlimited shares; issued, $100,000$ shares

Common shares, no$-$par value; authorized, unlimited shares; issued, $400,000$ shares

No dividends were declared in $201$ or $202,$ but $$1,540,000$ of dividends were declared in $203.$

Required:

Calculate the amount of dividends that would be paid 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 receive a $$1$ per share

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