Cumulative Preferred Dividends Capital stock of Barr Company includes: Common stock, $5 par, 640,000 shares outstanding Preferred stock, 15% cumulative, $50 par, 12,000 shares outstanding $3,200,000 600,000 As of December 31, 2024, 2 years' dividends are in arrears on the preferred stock. During 2025, Barr plans to pay dividends that total $360,000. 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 $280,000 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders $ Total dividend to common stockholders