The outstanding capital stock of Vaughn Corporation consists of $1,900$ shares of $$100$ par value, $7\%$ preferred, and $4,500$ shares of $$50$ par value common.

Assuming that the company has retained earnings of $$87,000,$ 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, e$.$g$.38,487.)$

Preferred

Common

$

$

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

Preferred

Common

$

$

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

Preferred

Common