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Lithuania Corp. has been authorized to issue 2 0 , 0 0 0 no par value, $ 6 , cumulative and fully participating preferred shares

Lithuania Corp. has been authorized to issue 20,000 no par value, $6, cumulative and fully participating preferred shares and 100,000 no par value common shares. The account balances at December 31,2020 are:
$6 Preferred shares,
4,000 shares
outstanding
400,000
Common shares, 60,000
shares outstanding 1,600,000
No dividends have been paid since December 31,2016. The corporation now desires to pay $280,000 in dividends.
Instructions
Calculate how much the preferred and common
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