The records of Scorpio.com reflected the following balances in the stockholders$$ equity accounts at December $31,2021$:

Common stock, par $$12$ per share, $49,500$ shares outstanding.

Preferred stock, $8$ percent, par $$18\mathrm{.}50$ per share, $7,810$ shares outstanding.

Retained earnings, $$239,000.$

On January $1,2022,$ the board of directors was considering the distribution of a $$63,900$ cash dividend. No dividends were paid during $2020$ and $2021.$

Required:

Determine the total and per$-$share amounts that would be paid to the common stockholders and to the preferred stockholders under two independent assumptions:

The preferred stock is noncumulative.

The preferred stock is cumulative.

Why might the dividends per share of common stock be different for noncumulative preferred stock and cumulative preferred stock?