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How to figure out common stock, par value, preferred stock, cumulative and arrears. How do I break down these types of equations? The ABC Corp.

How to figure out common stock, par value, preferred stock, cumulative and arrears. How do I break down these types of equations?

The ABC Corp. had the following shares of stock outstanding at December 31, 2015: Common Stock, $50 par value, 40,000 shares outstanding; and Preferred Stock, 6 percent, $100 par value, cumulative, 10,000 shares outstanding. Dividends for 2013 and 2014 were in arrears. On December 31, 2018, ABC declared total cash dividends of $250,000. The total amounts payable to preferred stockholders and common stockholders is?

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