Riverbed, Inc., has $830,000of4% preferred stock and $1,100,000of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2019 and 2020. As of December 31, 2021, it is desired to distribute $278,700in dividends.

How much will the preferred and common stockholders receive under each of the following assumptions:

(a)The preferred is noncumulative and nonparticipating.(b)The preferred is cumulative and nonparticipating.(c)The preferred is cumulative and fully participating.

(d)The preferred is cumulative and participating to7% total.

Preferred stockholders Common stockholders(a)$$(b)$$(c)$$(d)$$