Problem VT: In each of the following independent cases, it is used that the corporation has $400,000 of 696 preferred stock and $1,000,000 of common stock outstanding, cach having a par value of $10. No dividends have been declared for 20X5 and 20X6. (a) As of 12/31/X7, it is desired to distribute $250,000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and nonparticipating? (3 pts.) 400, DOOX OG 24,3x3= 72.000 72000 (b) As of 12/31/X7, it is desired to distribute S400,000 in dividends. How much will the preferred stockholders receive if their stock is cumulative and participating up to 11% in total? (3 pts.) Pret Total 232.000 ACR Comm 48,000 49,000 170.000 euros Base Partici. 24.000 90,000 44,000 18.000 252,00 400,00 "116,000 (c) On 12/31/X7, the preferred stockholders received a $120,000 dividend on their stock which is cumu and fully participating. How much money was distributed in total for dividends during 20X72 (2 pts Total 120 Pret Common rrears 98,000 u8,000 24,000 96,000 28,990 20,ooo 360,000 72,000 120,000 8528,00