4. ABC company had 10,000 common Shares, $10 par value, and 8% 20,000, $20 Par Value, Cumulative Fully Participating Preferred Stock outstanding. One year dividend is in arrears. ABC declared dividend of $500,000 to be paid at the end of the current year. Prepare a schedule for the distribution of the dividend and to the Common Stock holders as well as to the Preferred Stock Holders