4 Royal Company has been authorized 20,000 shares of $50 par, 10% cumulative and fully participating preferred stock and 50,000 shares of $40 par common stock. The account balances on December 31st, 2018 are below: 10%, Preferred Stock, $50 par Common Stock, $40 par Paid in Capital, Common $200,000 $1,200,000 $200,000 No dividends were paid in 2017. In 2018, we now decided to pay $264,000 in dividends. Show how much preferred and common stockholders will receive