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The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at December 31, 2010: Common stock, par $11 per share, 41,

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The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at December 31, 2010: Common stock, par $11 per share, 41, 000 shares outstanding Preferred stock, 11 percent, par $9 per share, 8, 000 shares outstanding Retained earnings, $227, 000 On September 1, 2011, the board of directors was considering the distribution of a $71, 000 cash dividend. No dividends were paid during the previous two years. You have been asked to determine dividend amounts under two independent assumptions: The preferred stock is noncumulative. The preferred stock is cumulative. Required: Determine the total and per share amounts that would be paid to the common stockholders and to the preferred stockholders under the two independent assumptions. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)

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