The records of Hollywood Company reflected the following balances in the stockholders equity accounts at December 31, 2013: Common stock, par $12 per share, 38,000 shares outstanding Preferred stock, 11 percent, par $10 per share, 10,000 shares outstanding Retained earnings, $217,000 On September 1, 2014, the board of directors was considering the distribution of a $80,000 cash dividend. No dividends were paid during the previous two years. You have been asked to determine dividend amounts under two independent assumptions (show computations): a. The preferred stock is noncumulative. b. The preferred stock is cumulative. Required: 1. 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. (