E11-18 (Algo) Computing Dividends on Preferred Stock and Analyzing Differences LO11-4, 11-8, 11-9 The records of Hollywood Company reflected the following balances in the stockholders equity accounts at the end of the current year Common stock, $10 per value, 39,000 shares outstanding Preferred stock 12 percent $8 par value. 8.000 shares outstanding Retained earnings. $225,000 On September 1 of the current year, the board of directors was considering the distribution of an $76,000 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): a. The preferred stock is noncumulative b. 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) Preferred Common Nonositive Tot Per share Cutive Total Per share