Nottebart Corporation has outstanding 10,000 shares of $100 par value, 6% preferred stock and 60,000 shares

of $10 par value common stock. The preferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018.

In 2019, Nottebart declares a cash dividend of $300,000. How will the dividend be shared by common and preferred stockholders

if the preferred is (a) noncumulative and (b) cumulative?