The Stockholders' Equity category of Rausch Company's balance sheet as of December 31, 2017, appeared as follows:

Preferred stock, $100 par, 8%, 2,000 shares issued and outstanding ........$ 200,000

Common stock, $10 par, 40,000 shares issued and outstanding.................. 400,000

Additional paid-in capital ....................................................................................500,000

Total contributed capital ................................................................................$1,100,000

Retained earnings ..............................................................................900,000

Total stockholders' equity .................................................................$2,000,000

The notes to the financial statements indicate that dividends were not declared or paid for 2015 or 2016. Rausch wants to declare a dividend of $118,000 for 2017.

Required

Determine the total and the per-share amounts that should be declared to the preferred and common stockholders under the following assumptions:

1. The preferred stock is noncumulative, nonparticipating.

2. The preferred stock is cumulative, nonparticipating.