Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders.Weaver Corporation had the following stock issued and outstanding at January $1,$ Year $1$:

$201,000$ shares of $$1$ par common stock.

$21,000$ shares of $$105$ par, $5$ percent, noncumulative preferred stock.

On June $10,$ Weaver Corporation declared the annual cash dividend on its $21,000$ shares of preferred stock and a $$0\mathrm{.}25$ per share dividend for the common shareholders. The dividends will be paid on July $1$ to the shareholders of record on June $20.$

Required:

Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders.