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Seved Help The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current year Common stock,

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Seved Help The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current year Common stock, $11 par value, 36,000 shares outstanding Preferred stock, 10 percent. $9 par value, 6,000 shares outstanding Retained earnings, $223,000 On September 1 of the current year, the board of directors was considering the distribution of an $74,000 cash dividend. No dividends were paid during the previous two years. You have been asked to determine dividend amounts under two independent assumptions (show computations): a. The preferred stock is noncumulative. b. The preferred stock is cumulative. Required: 1. Determine the total and per share amounts that would be paid to the common stockholders and the preferred stockholders under the two Independent assumptions. (Round your "per share" amounts to 2 decimal places.) Preferred Common Noncumulative Total Per share Cumulative: Total Por share Assignment 04-R.pdf

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