Gault Corporation had the following shares of stock outstanding on December 31, 20x8: Common stock, $50 par value, 200,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding Dividends were in arrears for 20x6 and 20x7. On December 31, 20x8, total cash dividends of $800,000 were declared. The total amounts payable to preferred stockholders and common stockholders, respectively, are