ook The records of Scorpio.com reflected the following balances in the stockholders' equity accounts at December 31, 2021: Common stock, par $12 per share, 41,500 shares outstanding. Preferred stock, 8 percent, par $13.00 per share, 6,210 shares outstanding. Retained earnings, $223,000. On January 1, 2022, the board of directors was considering the distribution of a $62,300 cash dividend. No dividends were paid during 2020 and 2021. Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: Hint a. The preferred stock is noncumulative. Print b. The preferred stock is cumulative. 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? References Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders assuming the preferred stock is noncumulative. (Round "Per Share" to 2 decimal places and rest to the nearest dollar amount.) Paid to the Preferred Stockholders Paid to the Common Stockholders Total Per Share Req TA Req 1B The records of Scorpio.com reflected the following balances in the stockholders' equity accounts at December 31, 2021: Common stock, par $12 per share, 41,500 shares outstanding. Preferred stock, 8 percent, par $13.00 per share, 6,210 shares outstanding. Retained earnings, $223,000. On January 1, 2022, the board of directors was considering the distribution of a $62,300 cash dividend. No dividends were paid during 2020 and 2021. Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? ces Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders assuming the preferred stock is cumulative. (Do not round intermediate instructions. Round "Per Share" to 2 decimal places and rest to the nearest dollar amount.) Total Per Share Paid to the Preferred Stockholders Paid to the Common Stockholders < Req 1A Req 2 > ences The records of Scorpio.com reflected the following balances in the stockholders' equity accounts at December 31, 2021: Common stock, par $12 per share, 41,500 shares outstanding. Preferred stock, 8 percent, par $13.00 per share, 6,210 shares outstanding. Retained earnings, $223,000. On January 1, 2022, the board of directors was considering the distribution of a $62,300 cash dividend. No dividends were paid during 2020 and 2021. Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? The dividends in arrears on the cumulative preferred stock had to be paid before any dividends could be paid on the common stock. The dividend rate for cumulative preferred stock and noncumulative preferred stock are different. < Req 1B Reg 2