Instructor-created question Question Help Alloy, Inc., prepared the following stockholders' equity section of its balance sheet on December 31, 2016. (Click the icon to view the data.) Alloy didn't pay any dividends in 2014 and 2015. In 2016 the company declares dividends of $23,000. How much of this dividend goes to preferred stockholders? How much goes to common stockholders? Assume the preferred stock is cumulative. 3900 Data Table Alloy's preferred stock dividend for 2016 Alloy's common stock dividend for 2016 19100 Stockholders' Equity Paid-in capital: Preferred stock, 5%, $130 par, 7,000 shares authorized, 600 shares issued and outstanding Common stock, $26 par, 21,000 shares authorized, $ 78,000 15,000 shares issued and outstanding 390,000 90,000 Paid-in capital in excess of parcommon Total paid-in capital $ 558,000 120,000 Retained earnings $ 678,000 Total stockholders' equity Print Done Enter any number in the edit fields and then click Check