Waterway Corporation has outstanding 10,800 shares of $100 par value, 6% preferred stock and 55,100 shares of $10 par yalue common stock. The preferred stock was issued in January 2025, and no dividends were declared in 2025 or 2026. In 2027. Waterway declares a cash dividend of $302,000 (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive How much dividend will the common stockholders receive? Common stockholders would receive (b) Assume that the preferred are cumulative. How much dividend will the preferred stockholders receive? Preferred stockholders would receive $ How much dividend will the common stockholders receive? Common stockholders would receive $