Bill \& Lisa Limited did not pay dividends on its 8.0%,$100 par value cumulative preferred stock during 2021 or 2022 . Since 2015 , 140,000 shares of this stock have been outstanding. Bill \& Lisa. Limited has been profitable in 2023 and is considering a cash dividend on its common stock that would be payable in December 2023. Required: Calculate the amount of dividends that would have to be paid on the preferred stock before a cash dividend could be paid to the common stockholders