Question 6 The outstanding capital stock of Kingbird Corporation consists of 1,900 shares of $100 par value, 9% preferred, and 5,400 shares of $50 par value common. Assuming that the company has retained earnings of $84,500, all of which is to be 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 stock should receive under each of the following conditions. (a) The preferred stock is noncumulative and nonparticipating. (Round answers to decimal places, cable $38,487.) Preferred Common 17100 67400 (b) The preferred stock is cumulative and nonparticipating. (Round answers to o decimal $38,487.) Preferred Common 51300 33200 $ (c) The preferred stock is cumulative and participating. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 0 decimal places, e.g. $38,487.) Preferred Common $ Show Work is REQUIRED for this question: Modify Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER MacBook Air