Help Save & Exit of Hoffman Company refected the following balances in the stockholders' equity accounts at December 31, 2018 Common stock, par $12 per share, 42,500 shares outstanding Prefecred stock, 8 percent, par $15 per share, 6,410 shares outstanding Retained earnings, $225,000. On January 1, 2019, the board of directors was considering the distribution of a $62.500 cash dividend. No dividends were paid during 2017 and 2018. 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: a. The preferred stock is noncumulative b. The preferred stock is cumulative 2. Why were the dividends per share of common stock less for the cumulative preferred stock than the noncumulative preferred stock? 3. What factors would cause a more favorable dividend for the common stockholders? Complete this question by entering your answers in the tabs below Req 18 Req 2 Req 1A Next > Prev 1of 9 ges 2 myBama Notflix Admissions/Scho... GmailUniversity of Alab...HBO oo. it's HBo...t lomework Saved 2. Why were the dividends per share of common stock less for the cumulative preferred stock than the no stock? 3. What factors would cause a more favorable dividend for the common stockholders? Complete this question by entering your answers in the tabs below Req 1B Req 1A Req 3 Req 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred assuming the preferred stock is noncumulative. (Round "Per Share" to 2 decimal places and rest to the nearest d amount.) Per Share Paid to the Preferred Stockholders Paid to the Common Req 1B > F4 F5 F6 8 1. Determine the total and per-share amounts that would be paid to the common sto under two independent assumptions: a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why were the dividends per share of common stock less for the cumulative preferre stock? 3. What factors would cause a more favorable dividend for the common stockholders? Complete this question by entering your answers in the tabs below. Req 2 Req 1A Req 18 Req 3 Determine the total and per-share amounts that would be paid to the common stockholders assuming the preferred stock is cumulative. (Do not round intermediate instructions. Round and rest to the nearest dollar amount.) Total Per Share Paid to the Preferred Stockholders Paid to the Common Stockholders Prev 1 of 9 Next> 2o F3 F4 F5 F6 F7 F8 1 Homework Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the pre under two independent assumptions: a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why were the dividends per share of common stock less for the cumulative preferred stock than the noncu stock? 3. What factors would cause a more favorable dividend for the common stockholders? int Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 3 Req 2 noncumulative Why were the dividends per share of common stock less for the cumulative preferred stock than the stock? OThe dividends in arrears on the preferred stock had to be fulfilled before dividends could be paid for the current year The dividend rate for preferred stockholders was increased. Req 18 Req 3 > Next > 1 of 9 Prev F5 F2 F1 8 4 0 11 Homework Saved b. The preferred stock is cumulative. 2. Why were the dividends per share of common stock less for the cumulative preferred stock t stock? 3. What factors would cause a more favorable dividend for the common stockholders? Complete this question by entering your answers in the tabs below. Req 18 Req 1A , Req 2 Req 3 What factors would cause a more favorable dividend for the common stockholders. (Select all that.op The preferred dividends were not in arrears. The preferred dividends were not cumulative The total dividend distribution was increased The preferred dividends were in arrears. The preferred dividends were cumulative. The total dividend distribution was Req 2 Prey 1 of 9 Next> 8o F2 F4 F5 F6 F7 F8