E11-18 Computing Dividends on Preferred Stock and Analyzing Differences LO11-4, 117 118 The records of Hollywood Company retected the following balances in the stockholders equity accounts at the end of the current year: Common stock s12 par value, 47000 shares outstanding percent par value, 7000 shares outstanding Preferred 11 Retained earnings 122,000 On September of the current year, the board of directors was considering the distribution of an sa0,000 cash dividend No dividends were pad turing the previous two years. You havebeen askedto dividend amounts under two independent assumptions (show computations) a. The preferred stock is nonoumulative, b The preferred stock is Determine the total and per share amounts that would be paid to the common stockholders and the preterred stockholders under the two independent assumptions (Round "pershare" to 20oeimal places share Per share