please underline each answer

E11-10 (Algo) Computing Dividends on Preferred Stock and Analyzing Differences (LO 11-3, LO 11-4) bok int The records of Keating Corporation reflected the following balances in the stockholders' equity accounts at December 31, 2021: Common stock, par $12 per share, 41,000 shares outstanding Preferred stock, 8 percent, par $12.00 per share, 6,110 shares outstanding Retained earnings, $222,000 On January 1, 2022, the board of directors was considering the distribution of a $62,200 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 instinn hu entering 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. Reg 1A Reg 1B Reg 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.) Total Per Share Paid to the referred Stockholders Paid to the Common Stockholders Rent Reg 18 > 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. Reg 1A Reabo 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 Req2 > 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? ins Complete this question by entering your answers in the tabs below. vklook P Reg 1A Reg 18 e2 Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? The dividendo 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 proferred stock are different