The outstanding share capital of Sarasota Corporation consists of 3,000 shares of preferred and 7,500 common shares for which $285,000 was received. The preferred shares carry a dividend of $6 per share and have a $100 stated value. Assuming that the company has retained earnings of $98,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 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 $98,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 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 $ $ $ eTextbook and Media Assuming that the company has retained earnings of $98,000 that is to be entirely paid out in dividends and that preferred dividends were not paid during the 3 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 decimalpl'aces, e.g. 5,275.) Preferred Common Total Dividends $ $ $ Assume that Sarasota's current year net income was $95,200. 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