the records of Hollywood reflected the following balances in the stockholders equity accounts at the end of thr current year:

common stock, 10$ par value, 49,000 shared outstanding

preferred stock, 9%, $8 par value, 9,000 shares outstanding

retained earnings $220,000

on steptember 1 of current year tbe baptd direcotrs was condersing the distribution of an $70,000 cash dividend no dividends were paid duding the pervious 2 years. you have been asked to determine dividend amounts under gal independent assumptions

a. the preffered stock is noncumulative

b. the preferred stock is cumulative

1. determine the total and per share amounts tbat wpuld be paid to the common stock holders and the prefered stock holders under the 2 independent assumptions

preferred. common

noncumlative:

total: _________. _________

per share. __________. __________

cumulative:

total. _________. __________

per share. __________. ________