Sage Corporation has outstanding 10,500 shares of $100 par value, 6% preferred stock, and 63,400 shares of $10 par value of common stock. The preferred stock was issued in January 2020 and no dividends were declared in 2020 or 2021. In 2022, Sage declares a cash dividend of $304,000. (a) Assume that the preferred stock is not cumulative. How much dividend will preferred stockholders receive? Preferred shareholders would receive How much dividend will common shareholders receive? Common shareholders would receive (b) Assume preferreds are cumulative. How much dividend will preferred stockholders receive? Preferred shareholders would receive

View Policies Current Attempt in Progress Sage Corporation has outstanding 10,500 shares of $100 par value. 6% preferred stock and 63,400 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Sage declares a cash dividend of $304,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive $ How much dividend will the common stockholders receive? Common stockholders would receive $ (b) Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive