The records of hollywood company reflected the following balances in the stockholders' equity accounts at the end of the current year: common stock, $12 par value, 50,000 shares outstanding preferred stock, 10 percent, $10 par value, 5,000 shares outstanding retained earnings, $216,000 on september 1 of the current year, the board of directors was considering the distribution of an $85,000 cash dividend. no dividends were paid during the previous two years. you have been asked to determine dividend amounts under two independent assumptions (show computations): the preferred stock is noncumulative. the preferred stock is cumulative. required: 1. determine the total and per share amounts that would be paid to the common stockholders and the preferred stockholders under the two independent assumptions. (round your "per share" amounts to 2 decimal places.)