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10.00 points E11-18 Computing Dividends on Preferred Stock and Analyzing Differences LO11-4, 11-7, 11-8 The records of Hollywood Company reflected the following balances in the stockholders' equity accounts at the end of the current year: Common stock, $11 par value, 32,000 shares outstanding Preferred stock, 10 percent, $9 par value, 6,000 shares outstanding Retained earnings, $234,000 On September 1 of the current year, the board of directors was considering the distribution of an $82,000 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 "per share" to 2 decimal places) Preferred Common Noncumulative: Total Per share Cumulative Total Per share