Homework Question 8, S10-11 (similar to) Part 1 of 4 HW Score: 74%, 74 of 100 points O Points: 0 of 13 Save Alloy Garde Corporation has 25,000 shares of $1.30 preferred stock outstanding in addition to its common stock. The $1.30 designation means that the preferred stockholders receive an annual cash dividend of $1.30 per share. In 2021, Alloy Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is: (Click the icon to view the data.) Read the requirements 1. How much in dividends must Alloy Garde declare each year before the common stockholders receive any cash dividends for the year? Dividends the company must declare each year before the common stockholders receivable any cash dividends =