Question: Q 5 ( 1 6 points ) Marlin, Inc., declared a cash dividend of $ 4 0 , 0 0 0 in 2 0

Q5(16 points) Marlin, Inc., declared a cash dividend of \$40,000 in 2022 when the following stocks were outstanding: Common stock 24,000 shares issued, 22,000 shares outstanding, par \$10 Preferred stock, 8\%,3,500 shares issued and outstanding, par \$10 No dividends were declared or paid during the prior year. Required: Compute the amount of cash that would be paid to each stockholder group under each of the following independent cases. Case A: The preferred stock is noncumulative Preferred stock total dividend \$ Common stock total dividend \$ Preferred stock dividend per share \$ Common stock dividend per share \$ Case B: The preferred stock is cumulative
Preferred stock dividend total \(\$ \)
Common stock dividend total \(\$ \)
Preferred stock dividend per share \$
Common stock dividend per share \$
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Q 5 ( 1 6 points ) Marlin, Inc., declared a cash

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