The records of Hofman Company reflected the following balances in the stockholders equity accounts at December 31, 2015: Common stock, par $12 per share, 45,500 shares outstanding Preferred stock, 8 percent, par $10 5 per share, 7,010 shares outstanding earnings, $231,000. On January 1, 2016, the board of directors was considering the distibution of a $63,100 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 and rest to the nearest dollar amount.) Answer is complete and correct. Paid to the Preferred Stockholders Paid to the Common Stockholders Total Per Share s 5888 S 0 84 57 212 S 126 h The oreferred stock is cumulative (Round "Per Share" to 2 decimal places and rest to the nearest