Exercise $10-5($Algo$)$ Determine the amount of dividends on preferred stock $($LO$10-3)$Adam$\text{'}$s Athletic Apparel has $1,000$ shares of $7\%,$ $$100$ par value preferred stock the company issued at the beginning of $2023.$ All remaining shares are common stock. The company was not able to pay dividends in $2023,$ but plans to pay dividends of $$15,000$ in $2024.$Required:$1.$ & $2.$ How much of the $$15,000$ dividend will be paid to preferred stockholders and how much will be paid to common stockholders in $2024,$ assuming the preferred stock is cumulative? What if the preferred stock were noncumulative?