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Sandhill Corporation has outstanding 10,900 shares of $100 par value, 6% preferred stock and 56,500 shares of $10 par value common stock. The preferred stock

Sandhill Corporation has outstanding 10,900 shares of $100 par value, 6% preferred stock and 56,500 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, Sandhilldeclares a cash dividend of $274,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive?

Preferred stockholders would receive $enter a dollar amount

How much dividend will the common stockholders receive?

Common stockholders would receive $enter a dollar amount

(b) Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive?

Preferred stockholders would receive $enter a dollar amount

How much dividend will the common stockholders receive?

Common stockholders would receive

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