The records of Hoffman Company reflected the following balances in the stockholders equity accounts at December 31, 2015:

Common stock, par $12 per share, 40,000 shares outstanding.

Preferred stock, 8 percent, par $10 per share, 6,000 shares outstanding.

Retained earnings, $220,000.

On January 1, 2016, the board of directors was considering the distribution of a $62,000 cash dividend. No dividends were paid during 2014 and 2015.

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. (Round "Per Share" to 2 decimal places.)

	Total	Per Share
Paid to the Preferred Stockholders
Paid to the Common Stockholders

b.

The preferred stock is cumulative. (Round "Per Share" to 2 decimal places.)

	Total	Per Share
Paid to the Preferred Stockholders
Paid to the Common Stockholders