Blossom Company's ledger shows the following balances on December

$31$

$,$

$2025$

$.$

$7$

$\%$

$$Preferred stock

$-$

$

$10$

$$par value, outstanding

$18$

$,$

$600$

$$shares

$

$186$

$,$

$000$

Common stock

$-$

$

$100$

$$par value, outstanding

$29$

$,$

$200$

$$shares

$2$

$,$

$920$

$,$

$000$

Retained earnings

$628$

$,$

$000$

Assuming that the directors decide to declare total dividends in the amount of $

$340$

$,$

$000$

$,$

$$determine how much each class of stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock.

a

$.$

$$The preferred stock is cumulative and fully participating.

$($

Round the rate of participation to

$6$

$$decimal places, e

$.$

g

$\mathrm{.}0\mathrm{.}014278$

$.$

$$Round answers to

$0$

$$decimal places, e

$.$

g

$.$

$38$

$,$

$487$

$.$

$)$

Preferred

Common

$

$

b

$.$

$$The preferred stock is noncumulative and nonparticipating.

$($

Round answers to

$0$

$$decimal places, e

$.$

g

$.$

$38$

$,$

$487$

$.$

$)$

Preferred

Common