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Nottebart Corporation has outstanding 5,000 shares of $100 par value, 6% preferred stock and 30,000 shares of $10 par value common stock. The preferred stock

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Nottebart Corporation has outstanding 5,000 shares of $100 par value, 6% preferred stock and 30,000 shares of $10 par value common stock. The preferred stock was issued in January 2020, and no dividends were declared in 2020 or 2021. In 2022, Nottebart declares a cash dividend of $300,000. Determine how the dividend will be shared by common and preferred stockholders if the preferred is Cumulative and Fully Participating Preferred [Select] Common [Select ]

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