Problem 146 Your answer is partially correct. Try again. Rensing, Inc., has $750,000 of 5% preferred stock and $1,250,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2016 and 2017. As of December 31, 2018, it is desired to distribute $335,000 in dividends. How much will the preferred and common stockholders receive under each of the following assumptions: (a) The preferred is noncumulative and nonparticipating. (b) The preferred is cumulative and nonparticipating (c) The preferred is cumulative and fully participating (d) The preferred is cumulative and participating to 9% total. Preferred stockholders Common stockholders 37500 297500 222500 112500 155000 180000