Autumn Wholesale Inc. had 50,000 of $4 cumulative preferred shares issued and 1,000,000 common shares issued. Assume that in 2020, Autumn Wholesale Inc. declares a dividend of $800,000. Its total dividends in arrears are $400,000 as it did not pay any preferred dividends in 2019 or 2018. Required: The allocation of 2020 dividends to Autumn Wholesale Inc.'s preferred shareholders is $ The allocation of 2020 dividends to Autumn Wholesale Inc.'s common shareholders is $