+ Ch 15: Homework Question 10 of 12 -/1 View Policies Current Attempt in Progress The outstanding capital stock of Pina Corporation consists of 1,800 shares of $100 par value, 5% preferred, and 5,000 shares of $50 par value common Assuming that the company has retained earnings of $80.500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions. (a) The preferred stock is noncumulative and nonparticipating (Round answers to decimal places, es $38,487.) Preferred Common $ (b) The preferred stock is cumulative and nonparticipating (Round answers to decimal places, es $38,487.) Preferred Common $ $ (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, 3.1.4278K Round answers to decimal places, es $38,487.) Preferred Common MacBook Air sc 80 F3 57 A # 3 $ 4 % 5 * N & 7 6 8 9 Question 10 of 12 -/1 Assuming that the company has retained earnings of $80,500, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of stock should receive under each of the following conditions (a) The preferred stock is noncumulative and nonparticipating (Round answers to O decimal places, eg. $38,487.) Preferred Common $ (b) The preferred stock is cumulative and nonparticipating. (Round answers to decimal places, es $38,487.) Preferred Common $ $ (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, eg.1.4278%. Round answers to O decimal places, eg. $38,487.) Preferred Common $ $ e Textbook and Media Save for later Attempts: 0 of 3 used Submit Answer MacBook Air 80 F3 DOO F4 92 11 @ A # 3 2 $ 4 * % 5 & 7 6 8 9