More Info The following elements of stockholders' equity are adapted from the balance sheet of Stephane Corporation (Click on the icon to view the data.) (Click the icon to view more information.) Stephane Corporation paid no preferred dividends in 2018 but paid the designated amount of cash dividends per share to preferred shareholders in all prior years. Requirement 1. Compute the dividends to preferred and common shareholders for 2019 if total dividends are $100,000 in 2019 PrintDone Class of Stock 2019 Preferred Data Table Common Total Stockholder's Equity Preferred stock, cumulative, $4 par (Note 7), 55,000 shares issued 220,000 and outstanding Common stock, $0.60 par, 100,000 shares issued and outstanding 60,000 Note 7. Preferred stock: Designated annual cash dividend per share, $0.60