Dividends for Preferred and Common Stock The Stockholders' Equity category of Greenbaum Company's balance sheet as of December 31, 2017, appeared as follows: Preferred stock, $100 per, 7% 7,000 shares issued and outstanding $200,000 Common stock, $10 por 40,000 shares issued and outstanding 400,000 Additional paid-in capital 500.000 Total contributed capital $1,100,000 Retained earnings 900,000 Total stockholders' equity $2,000,000 The notes to the financial statements indicate that dividends were not declared or paid for 2015 or 2016. Greenblum wanity to declare a dividend of $112,000 for 2017 Required: Determine the total and the pershare amounts that should be declared to the preferred and common stockholders under the fooning assumptions 1. The preferred stock is noncumulative, nonparticipating 2. The preferred stock is cumulative, nonparticipating Round per share amounts to the nearest cent. Total Preferred Dividends Per Share Amount Total Common Dividends Per Share Amount 1. 2