20.2 Computing dividends payable. International Grocer Corporation has outstanding 40,000 shares of noncumulative, 10 percent, $100 par-value preferred stock and 70,000 shares of no-par-value common stock. 1. During 2013, the corporation paid dividends of $360,000. What amount will be paid on each share of preferred stock? What amount will be paid on each share of common stock? 2. During 2014, the corporation paid dividends of $750,000. How much will be paid on each share of preferred stock? How much will be paid on each share of common stock