10. Flowers Inc. has both common and preferred stock. There are 77000 shares of $10 par common stock outstanding and 2400 shares of $14 par, 9% preferred stock outstanding. The company did not pay any dividends in last year. The company decided to pay $8660 in dividends this year. b) Calculate the amount of preferred dividends to be given to preferred and common shareholders this year, assuming the preferred stock is cumulative. c) Calculate the amount of preferred dividends to be given to preferred and common shareholders this year, if preferred stock i noncumulative