Butler & Co has 8% $100 par value noncumulative preferred stock issued and $5 par value comon stock issued. The following is the stockholders equity section of the balance sheet at December 31, 2020: Preferred Stock 8% $100 par value 2,500,000 Additional Paid in Capital PS 600,000 Common Stock, $5 par value 600,000 Additional paid in capital CS 400,000 Retained Earnings 5,500,000 9,600,000 On July 10th, 2021, the board of directors declared a dividend of $760,000 Show how the dividend is broken down between the preferred stock and the common stock.