2 222 points eBook Hre Print ances Exercise 8-9A (Algo) Cash dividends for preferred and common shareholders LO 8-3 Weaver Corporation had the following stock issued and outstanding at January 1, Year 2 1.144,000 shares of $6 par common stock 2.8,000 shares of $100 par, 7 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 8,000 shares of preferred stock and a St per share dividend for the common shareholders. The dividend will be paid on July 1 to the shareholders of record on June 20 Required Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders Preferred stock Common stock Total dividend