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Jim Corporation psys its cumulative preferred stockholders $ 1 . 4 0 per share. Jim has 2 5 , 0 0 0 shares of preferred

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Jim Corporation psys its cumulative preferred stockholders $1.40 per share. Jim has 25,000 shares of preferred and 55,000 shares of common. In 2021,2022 and 2023, due to slowdowns In the economy, Jim paid no dividends. Now in 2024, the board of directors decided to pay out $530,000 in dividends.
How much of the $530,000 does each class of stock recelve as dividends?
\table[[,Dividends],[Preferted stock,0],[Cormon slock,]]
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