On April 1, 2015, Tasty Mice Inc. declared $208,000 of dividends payable to shareholders on May 3, 2015. There are 22,200 common shares worth $754,800 and 9,600, $1.25 cumulative preferred shares worth $470,400. No new shares were issued during the year and dividends were last declared in 2012. The company had retained earnings of $2,232,000 at the beginning of the accounting period and earned a net income of $792,000 during the year. Write the journal entry to record the declaration and subsequent payout of the dividends. The company uses the cash dividends method to record dividends.

Cash Dividends - Common ?

Cash Dividends - Preferred ?

Dividends Payable - 208000

Dividends Payable - 208000

Cash - 208000

I don't understand how to separate out how much of the dividend payable is common and how much is preferred