The outstanding share capital of Culver Corporation consists of 3,200 shares of preferred and 7,300 common shares for which $ 299,300 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 $ 102,000 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 non-cumulative and non-participating. Preferred Common Total Dividends $ $ $ Assuming that the company has retained earnings of $ 102,000 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 cumulative and non-participating. Preferred Common Total Dividends $ $ e Textbook and Media Assuming that the company has retained earnings of $ 102,000 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 participating. (Round answers to 0 decimal places, e.g. 5,275.) Preferred Common Total Dividends $ $ $ Assume that Culver'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