1. determine the total and per-share amounts that would be paid to the commom stockholders and to the preferred stockhokders under the two independent assumptions:

1a. the preferred stock is noncumulative

1b. the preferred stock is cumulative

for the table there is a total and also per share side

The records of Hoffman Company reflected the following balances in the stockholders' equity accounts at December 31, 2018 Common stock, par $12 per share, 44,808 shares outstanding Preferred stock, 8 percent, par $18 per share, 6,710 shares outstanding. On January 1, 2019, the board of directors was considering the distribution of a $62,800 cash dividend. No dividends were paid during 2017 and 2018 ences Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why were the dividends per share of common stock less for the cumulative preferred stock than the noncumulative preferred stock? 3. What factors would cause a more favorable dividend for the common stockholders? stock? 3. What factors would cause a more favorable dividend for the common stockholders? Complete this question by entering your answers in the tabs below. Req 2 Req 3 Req 1B Determine the tota. and per-share amounts that would be paid to the common stockholders and to the prefe assuming the preferred stock is noncumulative. (Round "Per Share" to 2 decimal places and rest to the nearest dollar amount Paid to the Preferred St Paid to the Req 1B > mplete this question by entering your answers in the tabs below Req 2 Req 3 Req 1A 18 ook Iders and to the Determine the total and per-share amounts that would be paid to the common assuming the preferred stock is cumulative. (Do not round intermediate instructions. Round "Per Share to 2 decimal places and rest to the nearest dollar amount.) Per Share Paid to the Paid to the rs Req 2 ) K Req 1A