Question 9 of 11 > - / 10 View Policies Current Attempt in Progress The outstanding capital stock of Tamarisk Corporation consists of 1,800 shares of $100 par value. 7% preferred, and 4,500 share S50 par value common Assuming that the company has retained earnings of $86,500, 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 em of the following conditions (a) The preferred stock is noncumulative and nonparticipating (Round answers to O decimal places, es $38,487) Preferred Common $ 0 $ (b) The preferred stock is cumulative and nonparticipating (Round answers to decimal places, es $38,487) Preferred Common 5 (c) The preferred stock is cumulative and participating (Round the rate of participation to 4 decimal places, es 14278%. Round answers to decimal places, es $38,4873 Preferred Common $ e Textbook and Media Santor Later Last saved 3 minutes Attempts unlimited States