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At the end of 206, Jabba the Hutt's Hot Dog Hut had 290,000 shares of $1 par value common stock issued and outstanding. In addition,

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At the end of 206, Jabba the Hutt's Hot Dog Hut had 290,000 shares of $1 par value common stock issued and outstanding. In addition, Jabba had 82,000 shares of $5 par value, 10% cumulative preferred stock as part of his shareholder's equity. All of Jabba's stock, both common and preferred, has been outstanding since the company was incorporated at the beginning of 205. Jabba did not declare any dividends in 20x5, but he declares and pays a $135,000 cash dividend on December 31,206. Determine the amount of cash that will be distributed to each class of Jabba's stockholders' equity for this two-year-oid company

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