2 2 Circle Q Technonoies declared a cash dividend of $340,000 on April 1, 2011, The firm has 3.600 shares of 8% cumulative, fully participating, $100 par preferred stock outstanding. They also have 41.000 shares of $21 par common stock issued, with 1,000 shares of treasury stock. Dividends on the preferred stock are in arrears two years. A Calculate the amount of dividends assigned to the common and the preferred stock, respectively. B. Assume that the preferred stock participates up to a maximum of 10%. Calculate the amount of dividends assigned to the common and the preferred stock, respectively