Cumulative Preferred Dividends Capital stock of Barr Company includes: Common stock, $5 par, 630,000 shares outstanding $3,150,000720,000 Preferredstock,15%cumulative,$60par,12,000sharesoutstanding As of December 31,2024,2 years' dividends are in arrears on the preferred stock. During 2025, Barr plans to pay dividends that total $424,000. Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2025 . Total dividend to preferred stockholders Total dividend to common stockholders 2. If Barr paid $339,000 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders Total dividend to common stockholders