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The outstanding capital stock of Splish Corporation consists of 2,100 shares of $100 par value, 92 preferred, and 4.500 shares of $50 par value common.

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The outstanding capital stock of Splish Corporation consists of 2,100 shares of $100 par value, 92 preferred, and 4.500 shares of $50 par value common. Assuming that the compary has retained earnings of 583,500 , 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 recehe under each of the following conditions. (a) The preferred stockis noncumutative and nonparticipating. [Round answers to 0 decimaf nloces, es. \$38,487) (b) The preferred stock is cumulative and nonparticipating (Round answers to 0 decimal placer, ey. \$36,487) (c) The preferred stock is cumviative and participating (Round the rate of participotian to 4 decimal phoces, es 1,427ex, Round answers 60 Odecimal ploces, es, $38,487J

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