The outstanding share capital of Pina Colada Corporation consists of 3,200 shares of preferred and 7,000 common shares for which $280,000 was received. The preferred shares carry a dividend of $5 per share and have a $100 stated value. Assuming that the company has retained earnings of $70,000 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 $ $ GA e Textbook and Media Assuming that the company has retained earnings of $70,000 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 non-participating. Preferred Common Total Dividends $ $ GA Assuming that the company has retained earnings of $70,000 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 O decimal places, e.g. 5,275.) Preferred Common Total Dividends $ $ $ eTextbook and Media Assume that Pina Colada's current year net income was $93,500. 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