Colliers, Incorporated, has v00,000 shares of cumulative preferred stock outstanding. The preferred stock pays dividends in the amourt of $2 per share, but because of cach flow problems, the company did not pay any dividends last year. The board of directors pians to pay dividendis in the amount of $600,000 this yeat. Required: 1. What amount will go to preferred stockholders? 2. How much will be avatable for common stock dividends