The records of Hollywood Company reflected the following balances in the stockholders equity accounts at December 31, 2010:

Common stock, par $11 per share, 33,000 shares outstanding

Preferred stock, 9 percent, par $9 per share, 5,000 shares outstanding

Retained earnings, $230,000

On September 1, 2011, 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:

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.(Round your answers to 2 decimal places. Omit the "$" sign in your response.)

	Preferred	Common
a)Noncumulative:
Total	$	$
Per share	$	$
b) Cumulative:
Total	$	$
Per share	$	$