Exercise 15-21 The outstanding capital stock of Concord Corporation consists of 1,900 shares of $100 par value, 5% prefered, and 5,200 shares of $50 par value Coran. Assuming that the company has retained earnings of $82,000, all of which is to be paid out in dividends, and that preferred dividends were not paid during the 2 years preceding the current year, state how much each dass af stock should receive under cach of the following conditions. (a) The preferred stock is nanaumulative and nonpart cipating. Round answers to O decimal places, e.g. $38,487.) Preferred Common (b) The preferred stock Is cumulative and nonparticipating. (Round answers to decimal places, .g. $38,487.) Preferred Common (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to O decimal places, e.g. $38,487.) Preferred Common Click if you would like to Show Work for this question: Qren Show Work