The records of Hoffman Company reflected the following balances in the stockholders' equity accounts at December 31, 2009:

Common stock, par $13 per share, 43,000 shares outstanding.

Preferred stock, 10 percent, par $13 per share, 6,700 shares outstanding.

Retained earnings, $214,000.

On January 1, 2010, the board of directors was considering the distribution of a $67,000 cash dividend. No dividends were paid during 2008 and 2009.

Required:

Determine the total and per share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions (Round your Dividend per share to 2 decimal places.)

a.	The preferred stock is noncumulative.
b.	The preferred stock is cumulative.

a. Noncumulative:

	Preferred	Common
Total dividend	$	$
Dividend per share	$	$

b. Cumulative:

	Preferred	Common
Total dividend	$	$
Dividend per share	$	$