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I need this question solved please Stockholders' equity of ABC Company consists of 81.000 shares of S5 par value 9% cumulative preferred stock and 285,000

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Stockholders' equity of ABC Company consists of 81.000 shares of S5 par value 9% cumulative preferred stock and 285,000 shares of S1 par value common stock Both classes of stock have been outstanding since the company's inception. ABC did not declare any dividends in the prior year., but it now declares and pays a $130000 cash dividend at the current year-end. 1005/15 ponts Determine the amount distributed to each class of stockholders for this two-year-old company. awarded Par Value Number ofPreferred Dividend Rate PreterredPreferred Dividend for two per per Preferred Shares Calculabon of Prefemed Didend 5000 9 % 045 1.000s 36,450 Total cash didend To preferred shareholders To common shareholders 130.000 O 130,000

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