Sarasota Corporation has $3,400$ shares of $7\%,$ $$100$ par value preferred stock outstanding at December $31,2025.$ At December $31,$

$2025,$ the company declared a $$124,000$ cash dividend.

Determine the dividend paid to preferred stockholders and common stockholders under each of the following scenarios.

The preferred stock is noncumulative, and the company has not missed any dividends in previous years.

Dividend paid to preferred stockholders

The preferred stock is noncumulative, and the company did not pay a dividend in each of the two previous years.

Dividend paid to preferred stockholders

Dividend paid to common stockholders

The preferred stock is cumulative, and the company did not pay a dividend in each of the two previous years.