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Pearl Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock

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Pearl Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock and 58,800 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Pearl declares a cash dividend of $281.000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? 63000 Preferred stockholders would receive How much dividend will the common stockholders receive? 218000 Common stockholders would receive (b) Assume that the preferred are cumulative, How much dividend will the preferred stockholders receive? Preferred stockholders would receive $ 348000 How much dividend will the common stockholders receive? $ 130000 Common stockholders would receive e Textbook and Media Attempts: 1 of 5 used Submit

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