The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current year: Common stock. $11 par value, 48,000 shares outstanding Preferred stock, 10 percent. $9 par value, 6,000 shares outstanding Retained earnings, $225,000 On September 1 of the current year, the board of directors was considering the distribution of an $77,000 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 the preferred stockholders under the two independent assumptions. (Round "per share" to 2 decimal places.) Noncumulative Preferred Common Total $ 6,000 $ 71,000 Per share $ 1.00 $ 1.50 Cumulative Total Required: 1. Determine the total and per share amounts that would be paid to the common sta stockholders under the two independent assumptions. (Round "per share" to 2 dec Noncumulative: Total Per share Cumulative: Total Per share Preferred Common $ 6,000 89 71,000 $ SA 1.00 $ 1.50