A company's share information is as follows: has outstanding 25 million shares of $2 par value common stock and 2.5 million shares of $4 par value, cumulative preferred stock. The preferred stock has a 7% dividend rate. The company declares $15,000,000 in total dividends for the year. Preferred Dividends in arrears are $750,000. a. Compute the amount of dividends to be distributed to preferred shareholders. (Enter your answer in whole dollars.) Preferred Dividend b. Compute the amount of dividends to be distributed to common shareholders. (Enter your answer in whole dollars.) Common Dividend