Please answer this question:

Assuming that the company has retained earnings of $77,500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and participating. [Round answers to 0 decimal places. es. 5,275.) Preferred Common Total Dividends 55 I is I $ I 1 Assume that Pronghorn's current year net income was $95,400. Calculate the current year payout ratio under each of the conditions below. (Round answers to 2 decimal places. 23. 52.75.;I Payout Ratio {3) The preferred shares are noncumulative and nonparticipating. I {b} The preferred shares are cumulative and nonparticipating. I {c} The preferred shares are cumulative and participating. I The outstanding share capital of Pronghorn Corporation consists of 3,500 shares of preferred and 6,900 common shares for which $243,400 was received. The preferred shares carry a dividend of $5 per share and have a $100 stated value. Assuming that the company has retained earnings of $71500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are non-cumulative and non-participating. Preferred Common Total Dividends $ l $ l $ l Assuming that the company has retained earnings of $77,500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class of shares should receive if the preferred shares are cumulative and non-participating. Preferred Common Total Dividends $ l $ l $ l