Splish Corporation has outstanding 9,600 shares of $100 par value, 6% preferred stock and 57,000 shares of $10 par value common stock. The preferred stock was issued in January 2025, and no dividends were declared in 2025 or 2026. In 2027, Splish declares a cash dividend of $307,000

(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?

Preferred stockholders would receive _________

How much dividend will the common stockholders receive?

Common stockholders would receive _________