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. 33,000 shares outstanding Preferred stock, 11 percent. $9 par value, 9,000 shares outstanding Retained earnings. $223,000 On September 1 of the current year, the board of directors was considering the distribution of an $78,000 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 shore amounts that would be paid to the common stockholders and the preferred stockholders under the two independent assumptions. (Round your "per share" amounts to 2 decimal places.) Preferred Common Noncumulative: Total Per share Cumulative Total Por share