Check my work The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current year: Common stock, $11 par value, 36,000 shares outstanding Preferred stock, 12 percent. $9 par value, 8,000 shares outstanding Retained earnings, $229,000 On September 1 of the current year, the board of directors was considering the distribution of an $69,000 cash dividend. No dividends were paid during the previous two years. You have been asked to determine dividend amounts under two independent assumptions (show computations): a. The preferred stock is noncumulative. b. The preferred stock is cumulative. Required: 1. Determine the total and per share amounts that would be paid to the common stockholders and the preferred stockholders under the two independent assumptions. (Round your "per share" amounts to 2 decimal places.) Preferred Common ances Noncumulative: Total Per share Cumulative: Total Per share