HL corp issues 5,000 shares of 8%, $100 par value preferred stock at the beginning of 2018. The remainder of the stocks are common stocks. HL corp plans to pay dividends of $100,000 in 2019, but did not pay dividends in 2018. What is the preferred dividends, and the common stock dividend in 2019 if:

1. The preferred stock is cumulative?

a. $40,000 for preferred stockholders; $60,000 for common stockholders. b. $20,000 for preferred stockholders; $80,000 for common stockholders. c. $80,000 for preferred stockholders; $20,000 for common stockholders. d. $100,000 for preferred stockholders; $0 for common stockholders.

2. The preferred stock is noncumulative?

a. $80,000 for preferred stockholders; $20,000 for common stockholders. b. $100,000 for preferred stockholders; $0 for common stockholders. c. $20,000 for preferred stockholders; $80,000 for common stockholders. d. $40,000 for preferred stockholders; $60,000 for common stockholders.