The records of Feline Manufacturing reflected the following balances in the stockholders' equity accounts at December 31, 2021: Common stock, par $12 per share, 44,000 shares outstanding. Preferred stock, 8 percent, par $18.00 per share, 6,710 shares outstanding. Retained earnings, $228,000. On January 1, 2022, the board of directors was considering the distribution of a $62,800 cash dividend. No dividends were paid during 2020 and 2021. Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders assuming the preferred stock is cumulative. (Do not round intermediate instructions. Round "Per Share" to 2 decimal places ollar amount)

The records of Feline Manufacturing reflected the following balances in the stockholders' equity accounts at December 31,2021 : Common stock, par $12 per share, 44,000 shares outstanding. Preferred stock, 8 percent, par $18.00 per share, 6,710 shares outstanding. Retained earnings, $228,000. On January 1,2022 , the board of directors was considering the distribution of a $62,800 cash dividend, No dividends were paid during 2020 and 2021 . Required: 1. Determine the total and per-share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions: a. The preferred stock is noncumulative. b. The preferred stock is cumulative. 2. Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? Complete this question by entering your answers in the tabs below. Detefmine the total and per-share amounts that would be pald to the common stockholders and to the preferred stockholders assuming the preferred stock is cumulative. (Do not round intermediate instructions. Round "Per Share" to 2 decimal places