5. Rensing, Inc., has $800,000 of 8% preferred stock and 1,4 each having a par value of $1 per share. No divi 2010. As of December 31, 2011, it is desired to s preferred stock and $1,200,000 of common stock UUL per share. No dividends have been paid or declared during 2009 and er 31, 2011, it is desired to distribute $488,000 in dividends. (11 points) rred and common stockholders receive under each of the following Instructions How much will the preferred and common stock assumptions: (a) The preferred is noncumulative and nonparticipating. (b) The preferred is cumulative and nonparticipating. The preferred is cumulative and fully participating