At December 31, 2016, the records of Hoffman Company reflected the following balances in the shareholders' equity accounts: Common shares: par $13 per share: 47.000 shares outstanding Preferred shares: 8 percent: par $10 per share: 7050 shares outstanding Retained earnings: $223,500 On January 1, 2017, the board of directors was considering the distribution of a $65,500 cash dividend. No dividends were paid during 2015 and 2016 Required: Determine the total and per-share amounts that would be paid to the common shareholders and to the preferred shareholders under two independent assumptions: 1-a. The preferred shares are non-cumulative. (Round your per share amount to 2 decimal places.) Total Per Share Paid to preferred shareholders Paid to common shareholders 1-b. The preferred shares are cumulative. (Round your per share amount to 2 decimal places.) Total Per Share Paid to preferred shareholders Paid to common shareholders