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

$

FEB $2$

$21$

$$tv

i