During 2014, P & P Products also made the following transactions regarding its class B stock common stock. The common stock has a $10 par value.

c. On October 14, 2014, P & P Products issued a 2-for-1 stock split, which resulted in an additional 10,000 shares being issued. On the date of the stock split, the par value of the stock was $10 and market value was $15 per share.

e. At the end of the year, there were 125,000 shares of common stock, and 5,000 shares of non- cumulative/non-participating preferred stock, outstanding. P & P Products wants to issue cash dividends totaling $90,000. Calculate how much of the dividend goes to preferred stockholders and how much goes to common stockholders.

can someone help? thank you.