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Infomatics, Inc. has 40,000 shares of $5 par value common stock and 5,000 shares of 8%, $19 par value preferred stock outstanding at December 31, 2020. On January 1, 2021, the board of directors declares a $74,000 dividend. No dividends were paid in 2019 or 2020. Determine the amount of the $74,000 dividend that will be paid to the preferred stockholders and to the common stockholders in 2021 under two independent assumptions: 1. The preferred stock is noncumulative. 2. The preferred stock is cumulative. Dividend Paid to Preferred Stockholders Dividend Pald to Common Stockholders 1 Preferred stock is noncumulative 2 Preferred stock is cumulative