Brief Exercise 10-7 (Algo) Determine the amount of preferred stock dividends on (LO10-3) Lorraine's Designs has 1,900 shares of \6 par value cumulative preferred stock issued at the beginning of 2022 . All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2022 or 2023. The company plans to pay total dividends of \\( \\$ 19,000 \\) in 2024 . How much of the \\( \\$ 19,000 \\) dividend will be paid to preferred stockholders and how much will be paid to common stockholders? Exercise 10-1 (Static) Match terms with their definitions (LO10-1) Select the best term for each definition below