Flowers Inc. has both common and preferred stock. There are 45,000 shares of $4 par common stock outstanding and 1,500 shares of $23 par, 9% noncumulative preferred stock outstanding. The company did not pay any dividends in 2016. Distribute dividends to each class of stockholders using the following information:

Year	Dividends Declared
2017	$6,900
2018	$2,600
2019	$5,000