Hilton Company’s stockholders’ equity includes 75,000 shares of $5 par value, 8% cumulative pre¬

ferred stock and 200,000 shares of $1 par value common stock. Both classes of stock have been out¬

standing since the company’s inception. Hilton did not declare any dividends in the prior year, but it now declares and pays a $108,000 cash dividend in the current year. Determine the amount distrib¬

uted to each class of stockholders for this two-year-old company.