At December 31, 2019, the records of Hoffman Company reflected the following balances in the shareholders' equity accounts: Common shares par S13 per share: 41,000 shares outstanding Preferred shares: 8 percent par $10 per share: 6,150 shares outstanding Retained earnings: $220,500 On January 1, 2020, the board of directors was considering the distribution of a $62,500 cash dividend. No dividends were pald during 2018 and 2019 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: 1-0. The preferred shares are non cumulative. (Round your per shore amount to 2 decimal places.) Total Paid to preferred shareholders Paid to common shareholders $ 6,150 X 5 56 350 Per Share 100 137 1-b. The preferred shares are cumulative (Round your per shore amount to 2 decimal places.) Paid to preferred shareholders Paid to common shareholders Total Per Share $ 12.300 200 $ 50,200 $ 122 X