Farmingdale Corp. had the accompanying shares outstanding and retained earnings as of December 31, 2024. No dividends have been paid since 2022. The board is considering a cash dividend to both the preferred and the common shareholders. View the shares outstanding and retained.eamings Read the requirements. Shares Outstanding and Retained Earnings 1. Preferred shares, 8%, 3,125 shares outstanding Common shares, with 49,000 shares outstanding Retained earnings $125,000 $686,000 $190,000 Print Done Requirements Assume that the total amount of dividends is $30,000. 1a. What amount of dividends is distributed to preferred shareholders and common shareholders if the preferred shares are non-cumulative? 1b. What amount of dividends is distributed to preferred shareholders and common shareholders if the preferred shares are cumulative? 2. Assuming that the total amount of dividends is $57,000, what amount of dividends is distributed to preferred shareholders and common shareholders? 2a. What amount of dividends is distributed to preferred shareholders and common shareholders if the preferred shares are non-cumulative? 2b. What amount of dividends is distributed to preferred shareholders and common shareholders if the preferred shares are cumulative? 3. Assume that Farmingdale Corp declared a 12% stock dividend on the outstanding common shares when the market price was $13.50. Prepare the shareholders' equity section of the Farmingdale Corp.'s statement of financial position before and after the stock dividends. What is the impact on the total shareholders' equity? - X