6. Nottebart Corporation has outstanding 20.000 shares of $100 par value, 6% preferred stock and 50,000 shares of $10 par value common stock. The preferred stock was issued in January 2025 , and no dividends were declared in 2025 or 2026. In December 15,2027, Nottebart declares a cash dividend of $400,000. 1. How will the dividend be shared by common and preferred stockholders if the preferred is (a) noncumulative and (b) cumulative? (10 pts) 2. Make the necessary journalizing for the decleration of the dividend. (2 pts)