1.Peloton has the following stock outstanding. - Common Stock- $50,000 (\$1 par, 150,000 shares authorized, 50,000 shares issued and outstanding) - Paid-in Capital in Excess of Par, Common Stock- $750,000 - Preferred Stock - $60,000 (15 percent, $30 par, 10,000 shares authorized, 2,000 shares issued and outstanding) - Paid-in Capital in Excess of Par, Preferred Stock- $120,000 Given this information, if Peloton, pays dividends totaling $50,000 during the year, and if the preferred stock is curmulative and the dividends on the preferred stock were TWO years in arrears as of the beginning of the year (i.e., Peloton did not pay any dividends to preferred stockbolders last year or the year before), what is the [For answers that reauire a number, enter a number with no symbols or punctuation (example 10000).]