TR$14-8$ Dividends $($LO $14-7)$

On $31$ December $20$X$5,$ Watercress Properties Ltd$.$ reported the following in shareholders$$ equity:

Preferred shares, no$-$par value; $$1\mathrm{.}00$ dividend, authorized, unlimited shares; issued, $81,000$ shares $ $2,187,000$

Common shares, no$-$par value; authorized, unlimited shares; issued, $324,000$ shares $4,860,000$

Retained earnings $6,100,000$

Dividends of $$429,000$ are declared in $20$X$6.$ Consider the following three cases:

Preferred Cumulative? Year of Last Dividends Preferred Participating?

Case A No $20$X$2$ No

Case B Yes $20$X$3$ No

Case C Yes $20$X$5$ Yes, after common receive $$0\mathrm{.}50$ per share; participation based on relative dividends at base level

Required:

Calculate dividends to be paid to preferred and common shares in each case. $($Do not round intermediate calculations.$)$