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
Total 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 2: If Simpson did not declare dividends in 20Y2, determine how much of the total dividend belongs to each type of shareholder. Round your answer to the nearest whole dollar. Include appropriate commas and no dollar signs (e.g. 1,000).

Common Stock Shareholders

Preferred Stock Shareholders