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ehensive Assessment 6 Saved In 20X3, Snowboard Ltd had the following share capital outstanding $1,400,000 Preferred shares, no-par value, $1.00 dividend: authorized, unlimited shares; issued, 100,000 shares Common shares, no por value; authorized, unlimited shares; issued, 400,000 shares 560,000 No dividends were declared in 20x1 or 20x2, but $1,600,000 of dividends were declared in 20x3. Required: Calculate the amount of dividends that would be paid in 20x3 to each share class under the following separate cases: Case A Preferred shares are cumulative and non-participating, Yes Total Paid Preferred Common 20X3 allocation Arrean Current Remainder Total $ 0 $ 05 0 Total 05 os Case B Preferred shares are cumulative and participating with common shares after the common shares receive a $1 per shore dividend. Participation is based on relative annual total bote dividends. Total Paid Preferred Common ho Year 20x3 allocation ATTOOS Current Matching Remainder Total $ 0$ os