Infomatics, Inc. has 90,000 shares of $5 par value common stock and 9,000 shares of 5%, $12 par value preferred stock outstanding at December 31, 2020. On January 1, 2021, the board of directors declares a $62,000 dividend. No dividends were paid in 2019 or 2020 Determine the amount of the $62,000 dividend that will be paid to the preferred stockholders and to the common stockholders in 2021 under two independent assumptions: 1. The preferred stock is noncumulative. 2. The preferred stock is cumulative, Dividend Paid to Preferred Stockholders Dividend Paid to Common Stockholders 1. Preferred stock is noncumulative 2 Preferred stock is cumulative