Common Stock and Preferred Stock Dividends The December 15, 20Y3 Stockholders Equity section of Simpson Companys Balance Sheet is as follows:

Common Stock ($1 par value; 16,000,000 shares authorized; 3,400,000 shares issued and outstanding) $3,400,000

5% Cumulative Preferred Stock ($30 par value; 1,200,000 shares authorized; 380,000 shares issued and outstanding) 11,400,000

Paid-in Capital in Excess of Par - Common Stock 15,400,000

Retained Earnings 36,800,000 T

otal Stockholders Equity $67,000,000

On that date, Simpson declared a total $1,400,000 dividend to shareholders of record on December 31, 20Y3, to be paid on January 5, 20Y4.

QUESTION 1: Determine how much of the total dividend belongs to each type of shareholder, assuming all prior year preferred dividends have been declared and paid. Round your answer to the nearest whole dollar. Include appropriate commas and no dollar signs (e.g. 1,000).

Common Stock Shareholders:?

Preferred Stock Shareholder:?