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Cumulative Preferred Dividends Capital stock of Barr Company includes: Common stock, $5 par, 620,000 shares outstanding $3,100,000 Preferred stock, 15% cumulative, $70 par, 12,000 shares outstanding 840,000 As of December 31, 2024, 2 years' dividends are in arrears on the preferred stock. During 2025, Barr plans to pay dividends that total $468,000, Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2025. Total dividend to preferred stockholders 252,000 X 126,000 X Total dividend to common stockholders 2. If Barr paid $389,000 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders 252,000 X Total dividend to common stockholders 137,000 X