A company has 15,000 shares of $100 par 6% cumulative preferred stock and 20,000 shares of $1 par common stock and pays out the following: Year Total 2010 135,000 2011 75,000 2012 150,000 2013 100,000 Prepare the distribution to the stockholders under two situations. First the preferred stock is cumulative,second it is non- cumulative.