Assuming that the company has retained earnings of $$87,000,$ all of which is to be paid out in dividends, and that preferred dividends were not paid during the $2$ years preceding the current year, state how much each class of stock should receive under each of the following conditions.

a$.$ The preferred stock is noncumulative and nonparticipating. $($Round answers to $0$ decimal places, e$.$g$.38,487.)$

Preferred

Common

$

$ $$

b$.$ The preferred stock is cumulative and nonparticipating. $($Round answers to $0$ decimal places, e$.$g$.38,487.)$

Common

$ $$

c$.$ The preferred stock is cumulative and participating. $($Round the rate of participation to $4$ decimal places, e$.$g$\mathrm{.}1\mathrm{.}4278\%.$ Round answers to $0$ decimal places, e$.$g$.38,487.)$

Preferred

Common

$

$