. Maxar Corp has $ 100,000 available to pay dividends. It has 4,000 shares of 15%, $50 par preferred stock and 20,000 shares of $10 par common stock outstanding. The preferred stock is being sold for $100 and the common stock is being sold for $10 per share. Please determine the amount of dividends to be paid to each class of shareholder for each of the independent assumptions. Please show your calculations.

a. Preferred stock is nonparticipating and noncumulative

b. Preferred stock is nonparticipating and cumulative. Preferred dividends are 2 years in arrears at the beginning of the year.