E11-10 (Algo) Computing Dividends on Preferred Stock and Analyzing Differences [LO 11-3, LO 11-4] The records of Hines Industries reflected the following balances in the stockholders' equity accounts at December 31, 2020 Common stock, par $12 per share, 40,500 shares outstanding. Preferred stock 8 percent, par $11.00 per share. 6,010 shares outstanding. Retained earnings, $221,000 On January 1, 2022, the board of directors was considering the distribution of a $62,100 cash dividend. No dividends were paid during 2020 and 2021 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. b. The preferred stock is cumulative 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? ces Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders assuming the preferred stock is cumulative. (Do not round intermediate Instructions. Round "Per Share to 2 decimal places and rest to the nearest dollar amount) Total Per Share Din in the Drafarrot Chartere Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative pre stock? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders assuming 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 Rea 1 Reg 1B > 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? Complete this question by entering your answers in the tabs below. Req 1A Reg 15 Reg 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders assuming the preferred stock is cumulative. (Do not round Intermediate Instructions. 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