Homework $i$

Rachel's Designs has $1,500$ shares of $6\%,$$$50$ par value cumulative preferred stock issued at the beginning of $2019.$ All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in $2019$ or $2020.$ The company plans to pay total dividends of $$16,000$ in $2021.$ How much of the $$16,000$ dividend will be paid to preferred stockholders and how much will be paid to common stockholders?

$\backslash$table$[[$Preferred dividends in arrears for $2019$ and $2020,],[$Preferred dividends for $2021,],[$Remaining dividends to common stockholders,$],[$Total dividends,$