Wildhorse Inc. has the following shares outstanding at December :

Common shares, $ nopar value, shares issued and outstanding, unlimited number authorized.

Preferred shares, $ $ nopar value, nonvoting shares, and shares issued and outstanding.

Assume the following situations are independent.The preferred shares are cumulative and nonparticipating. Dividends have not been declared for the past two years. Dividends declared are $ Determine the amount of the dividend that would be paid to each class of shares.