The outstanding capital stock of Cleary Corporation consists of $2,000$ shares of $$100$ par value, $8\%$ preferred, and $5,000$ shares of $$50$ par value common.

Assuming that the company has retained earnings of $$90,000,$ all of which is to be paid out in dividends, and that preferred dividends were not paid during the $2$ years preceding the current year, state how much each class of stock should receive under each of the following conditions.

a$.$ The preferred stock is noncumulative and nonparticipating. $($Round answers to $0$ decimal places, eg$.38,487.$

Preferred

$

b$.$ The preferred stock is cumulative and nonparticipating. $($Round answers to $0$ decimal places, eg$,38,487.)$

Preferred

Common

$

c$.$ The preferred stock is cumulative and participating. $($Round the rate of participation to $4$ decimal places, eg$.1\mathrm{.}4278\%.$ Round answers to $0$ decimal places, eg$.38,487).$

Preferred

Common