The records of Feline Manufacturing reflected the following balances in the stockholders' equity accounts at December 31, 2021; Common stock, par $12 per share, 48,000 shares outstanding. Preferred stock, 8 percent, par $15.50 per share. 7.510 shares outstanding, Retained earnings. $236,000. On January 1, 2022, the board of directors was considering the distribution of a $63,600 cash dividend. No dividends were pald 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. Reg 1A Reg 18 Reg 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 noncumulative (Round "Per Share" to 2 decimal places and rest to the nearest dollar amount.) Total Por Share Paid to the Preferred Stockholders Paid to the Common Stockholders Reus Reg 1B > Complete this question by entering your answers in the tabs below. Reg 1A Reg 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 and rest to the nearest dollar amount.) Total Per Share Paid to the Preferred Stockholders Paid to the Common Stockholders The records of Feline Manufacturing reflected the following balances in the stockholders' equity accounts at December 31, 2021; Common stock, par $12 per share, 48,000 shares outstanding. Preferred stock, 8 percent, par $15.50 per share. 7510 shares outstanding. Retained earnings. $236,000 On January 1, 2022, the board of directors was considering the distribution of a $63,600 cash dividend. No dividends were pold 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. Reg 2 Reg 1A Reg 1B Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock? The dividends in arrears on the cumulative preferred stock had to be paid before any dividends could be paid on the common stock The dividend rate for cumulative preferred stock and noncumulative preferred stock are different