Spring z01 In each of the following independent cases, it is assumed that the corporation has $800,000 of S% preferred stock and $3,200.000 of common stock outstanding, each having $10. No dividends have been declared for 2013 and 2014 Problem 3-Dividends on preferred stock. (10 points) a par value of (a) As of 12/31/15, it is desired to distribute $250.000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and nonparticipating? (b) As of 12/31/15, it is desired to distribute $800,000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and participating up to 11% in total? c) On 12/31/15, the preferred stockholders received a $240,000 dividend on their stock which is cumulative and fully participating. How much money was distributed in total for dividends during 2015