Tamarisk Corporation has outstanding9,800shares of $100par value,6% preferred stock and58,500shares of $10par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Tamarisk declares a cash dividend of $297,000.

(a)Assume that the preferred are noncumulative.

How much dividend will the preferred stockholders receive?

Preferred stockholders would receive$__________enter a dollar amount

How much dividend will the common stockholders receive?

Common stockholders would receive$__________enter a dollar amount

(b)Assume that the preferred are cumulative.

How much dividend will the preferred stockholders receive?

Preferred stockholders would receive$_____________enter a dollar amount

How much dividend will the common stockholders receive?

Common stockholders would receive$______________enter a dollar amount