The Stockholders’ Equity category of Rausch Company’s balance sheet as of December 31, 2014, 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 2012 or 2013. Rausch wants to declare a dividend of $118,000 for 2014.

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.