Can you please put the steps? Thanks!

The records of Hoffman Company reflected the following balances in the stockholders equity accounts at December 31, 2015: Common stock, par $12 per share, 45,500 shares outstanding Preferred stock, 8 percent, par $10.5 per share, 7,010 shares outstanding Retained eanings, $231,000 On January 1, 2016, the board of directors was considering the distribution of a $63, 100 cash dividend No dividends were paid during 2014 and 2015 Required 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: a. The preferred stock is noncumulative. (Round "Per Share" to 2 decimal places and rest to the nearest dollar amount.) Total Per Share Paid to the Preferred Stockholders Paid to the Common Stockholders