Dianond Garde Corporation has 25,000 sharos of $180 preferred stock oulstanding in addation io its conmon stock. The $1,80 designation means that the preferred stockholders recoive an anrual cash dividend of $1.80 per share, In 2021, Diamond Garde dedares an annual dividend of $500,000. The albcation to preferred and common atockholders is: (Click the icon to view the data) Read the requirements. 1. How much in dividends must Diamond Garde declare each year before the common stockholders roceive any cash oviderifi if the year? Dividends the company must dedare each year before the common stociholdens receivable any cash dividends * 2. Suppose Damend Garde declares cash divdends of 5550,000 for 2021. How much of the dividends goes to preferred shareholders? How much goes lo common sharehoibers? Data table