11A-11 11A-8. LILL Corporation has issued 1,500 shares of preferred stock, which have a par value of $60 each. The preferred dividend rate on this stock is 5% of par value. LILL has also issued 18,000 shares of common stock. Calculate how much dividend would be paid to the owners of the preferred and common stock under each of the following scenarios: dividend payment is $3,000. b. Same as a. but with a total dividend payment of $12,000. a. The preferred stock is neither cumulative nor participating. The total c. The preferred stock is cumulative but not participating. Dividends were up- to-date for all years prior to two years ago. However, no dividends have been paid for the last two years. This year LILL announces a total dividend payment of $10,500. d. Same as c. but with a total dividend payment of $25,500. e. The preferred stock is not cumulative but it is participating. Once the common stockholders get an amount per share equal to the dividend of the preferred shareholders, then the two groups share equally in dividends on a per share basis. LILL announces a total dividend payment of $4,000. f. Same as e. but with a total dividend payment of $10,500. g. Same as e. but with a total dividend payment of $95,000. h. All other things being equal, which of these features would you like to have associated with preferred stock that you own