Exercise 15-5 The outstanding share capital of Bridgeport Corporation consists of 3,000 shares of preferred and 7,000 common shares for which s294,000 was received. The preferred shares carry a dividend of $7 per share and have a $100 stated value. preferred shares are non-cumulative and things of 595,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each dass of shares should receive if the non-participating. Preferred Common Total Dividends s LINK TO TEXT LINK TO TEXT Assuming that the company has retained earnings of $95,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and non-participating Preferred Common Total Dividends s LINK TO TEXT LINK TO TEXT Assuming that the company has retained earnings of $95,000 that is to entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each dass of shares should receive if the preferred shares are cumulative and participating. (Round answers to 0 decimal places, e.g. 5,275.) Preferred Common Total Dividends $ LINK TO TEXT LINK TO TEXT Assume that Bridgeport's current year net income was $90,300. Calculate the current year payout ratio under each of the conditions below. (Round answers to 2 decimal places, e.g. 52.75.) Payout Ratio (a) The preferred shares are non-cumulative and non-participating. (b) The preferred shares are cumulative and non-participating. (c) The preferred shares are cumulative and participating