Check my work Weaver Corporation had the following stock issued and outstanding at January 1 Year 1 1. 121.000 shares of $5 par common stock 2.7.500 shares of $70 par 6 percent, noncumulative preferred stock On June 10, Weaver Corporation declared the annual cash dividend on its 7.500 shares of preferred stock and a S1 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20, Required Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders. Preferred stock Common stoc