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The cutstanding capital stock of Bonita Corporation consists of 2,100 shares of $100 par value, 5% preferred, and 4,600 shares of $50 par value common.

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The cutstanding capital stock of Bonita Corporation consists of 2,100 shares of $100 par value, 5% preferred, and 4,600 shares of $50 par value common. Assuming that the company has retained earnings of $94,000, all of which is to be paid out in dividends, and that preferred dividends were nat paid during the 2 years preceding the current year, state how much each class af stack shauld receive under each of the fallowing canditions. a. The preferred stock is nancumulative and nanparticipating. (Round answers to 0 decimal ploces, eg. 38,487.) b. The preferred stock is cumulative and nanparticipating. (Round answers to 0 decimal places, e.g. 38,487.) c. The preferred stock is cumulative and participating. (Round the rate of porticipation to 4 decimal ploces, eg.1.4278\%. Round answers to 0 decimal places, eg. 38,487J

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