Horizon Communications has the following stockholders' equity: Requirements First, determine whether preferred stock is cumulative or noncumulative. Compute the amount of dividends to preferred and to common for 2011 and 2012 if total dividends are $14,000 in 2011 and $49,000 in 2012. What is the average price at which each preferred share sold for? What is the average price at which each common share sold for