P 18-9 Effect of preferred stock characteristics on dividends 1 LO18-7 The shareholders' equity of Wang Industries includes the data shown below. During 2025, cash dividends of $150 million were declared. Dividends were not declared in 2023 or 2024. Required: Determine the amount of dividends payable to preferred shareholders and to common shareholders under each of the following two assumptions regarding the characteristies of the preferred stock: Assumption A-The preferred stock is noncunulative. Assumption B-The preferred stock is cumulative