Blossom Company's ledger shows the following balances on December 31, 2020, $ 180,000 7% Preferred Stock-$10 par value, outstanding 18,000 shares Common Stock-$100 par value, outstanding 28,800 shares Retained Earnings 2,880,000 581,000 Assuming that the directors decide to declare total dividends in the amount of $391.000, determine how much each class of su 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 4 decimal places, es 14278%. Rou answers to decimal places, es $38,487) Preferred Common 200100 $ 182900 (b) The preferred stock is noncumulative and nonparticipating (Round answers to decimal places, es. $38,487) Preferred Common $ 12600 $ 378400 Assuming that the directors decide to declare total dividends in the amount of $391.000, 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 4 decimal places, es 14278% Round answers to decimal places, es $38,487) Preferred Common 208100 182900 (b) The preferred stock is noncumulative and nonparticipating (Round answers to decimal places, es $38,487) Preferred Common 12600 378400 (c) The preferred stock is noncumulative and is participating in distributions in excess of a 9% dividend rate on the common stock (Round the rate of participation to 4 decimal places, es 14278%. Round answers to decimal places, es $38,487) Preferred Common 318800 72200 eTextbook and Media