8% Preferred Stock-$10 par value, outstanding 21,300 shares $213.000 Common Stock-$100 par value, outstanding 29,000 shares 2.900,000 Retained Earnings 611,000 Assuming that the directors decide to declare total dividends in the amount of $384,000, determine how much each clas stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stoc (a) The preferred stock is cumulative and fully participating. (Round the rate of participation to 4 decimal places, eg.1.42789 Round answers to O decimal places, e.g. $38,487.) Preferred Common 213000 213000 (b) The preferred stock is noncumulative and nonparticipating. (Round answers to 0 decimal places, e.g. $38,487.) Preferred Common 213000 213000 vas.emich.edu/courses/48829/assignments/724598 Preferred Common 213000 $ 213000 (b) The preferred stock is noncumulative and nonparticipating. (Round answers to O decimal places, e.g. $38,487.) Preferred Common 213000 213000 (c) The preferred stock is noncumulative and is participating in distributions in excess of a 10% dividend rate on the common stock. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to decimal places, eg. $38,487.) Common Preferred 213000 213000 e Textbook and Media Save for Later Attempts: unlimited Submit