E11-10 (Algo) Computing Dividends on Preferred Stock and Analyzing Differences [LO 11-3, LO 11-4] The records of Keating Corporation reflected the following balances in the stockholders equity accounts at December 31, 2021 Common stock par 512 per share. 45,000 shares outstanding. Preferred stock. 8 percent, par $20.00 per share, 6,910 shares outstanding Retained earnings $230,000 On January 1, 2022 the board of directors was considering the distribution of a $63.000 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 6. The preferred stock is non cumulative b. The preferred stockis cumulative 2. Wymiaht the dividends per share of common stock beherent for no cumulative prefetred stock and cumulative preferred stock? Next > 2. Why might the dividends per share of common stock be different for noncumulative preferred st stock? Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the pr assuming the preferred stock is noncumulative. (Round "Per Share to 2 decimal places and rest to the ne amount.) Total Per Share Paid to the Preferred Stockholders Paid to the Common Stockholders Reg 1B > 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 Por Share Paid to the Preferred Stockholders Pald to the Common Stockholders Reg 1A Reg 1B Reg 2 Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock The dividends in areas on the cumulative preferred stock had to be paid before any dividends could be paid on the common stock The dividend rate for cumulative preferred stock and noncumulative preferred stock are different