The outstanding share capital of Concord Corporation consists of 2.900 shares of preferred and 6,900 common shares for which $255,300 was received. The preferred shares carry a dividend of $7 per share and have a $100 stated value. Assuming that the company has retained earnings of $91,500 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 2 years preceding the current year, state how much each class shares should receive if the preferred shares are non-cumulative and non-participating. Preferred Common Total Dividends $ Assuming that the company has retained earnings of $91,500 that is to be entirely 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 shares should receive if the preferred shares are cumulative and non-participating Preferred Common Total Dividends S $ e Textbook and Media Assuming that the company has retained earnings of $91,500 that is to be entirely 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 shares should receive i preferred shares are cumulative and participating. (Round answers to decimal places, e.g. 5,275.) Preferred Common Total $ $ Dividends $ e Textbook and Media Assume that Concord's current year net income was $95,000. Calculate the current year payout ratio under each of the conditions below. (Round answers to 2 decimal places, e.g. 52.75.) Payout Ratio (a) The preferred shares are non-cumulative and non-participating (b) The preferred shares are cumulative and non-participating (c) The preferred shares are cumulative and participating e Textbook and Media