Swifty, Inc., has $780,000 of 4% preferred stock and $1,150,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2019 and 2020. As of December 31, 2021, it is desired to distribute $255,400 in dividends. How much will the preferred and common stockholders receive under each of the following assumptions:

(a)		The preferred is noncumulative and nonparticipating.
(b)		The preferred is cumulative and nonparticipating.
(c)		The preferred is cumulative and fully participating.
(d)		The preferred is cumulative and participating to 7% total.

		Preferred stockholders		Common stockholders
(a)		$		$
(b)		$		$
(c)		$		$
(d)		$		$