Current Attempt in Progress Pharoah Corporation has outstanding at December 31, 2022, 46,500 shares of $18 par value, cumulative, 9% preferred stock and 197.500 shares of $4 par value common stock. All shares were outstanding the entire year. During 2022, Pharoah earned total revenues of $1,990,000 and incurred total expenses (except income taxes) of $1,160,000. Pharoah's income tax rate is 20%. (a2) Caculate Pharoah's 2022 preferred dividends Preferred dividends