Brief Exercise 15-15 Flint Corporation has outstanding 9,300 shares of $100 par value, 6% preferred stock and 62,300 2017, and no dividends were declared in 2017 or 2018. In 2019, Flint declares a cash dividend of (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive How much dividend will the common stockholders receive? Common stockholders would receive (b) Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive How much dividend will the common stockholders receive?! Common stockholders would receive Brief Exercise 15-15 Flint Corporation has outstanding 9,300 shares of $100 par value, 6% preferred stock and 62,300 2017, and no dividends were declared in 2017 or 2018. In 2019, Flint declares a cash dividend of (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive How much dividend will the common stockholders receive? Common stockholders would receive (b) Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive How much dividend will the common stockholders receive?! Common stockholders would receive