Select information from Starlights balance sheet is shown below:

Select information from Starlight's balance sheet is shown below: Preferred stock$20 par value, 12,000 shares authorized, 8,000 shares issued and outstanding Common stock$8 par value, 80,000 shares authorized, 70,000 shares issued and outstanding The number of issued and outstanding shares of both preferred and common stock have been the same for 2020 and 2021. Dividends on preferred stock are 6 percent of par value and have been paid each year except for 2020 when no dividends were paid. In 2021, management declares a total dividend of $50,000. a. Indicate the amount that will be paid to both preferred and common stockholders in 2021 assuming the preferred stock is not cumulative. b. Indicate the amount that will be paid to both preferred and common stockholders in 2021 assuming the preferred stock is cumulative