Park Place Co. has the following shares of stock outstanding. 5,000 shares of $1 par value common stock 1,500 shares of $100 par value 8% cumulative preferred stock. In their first year of operations, Park Place declares a dividend of $10,000. How much dividend must be paid to Preferred before any distributions to common shareholders? How much dividend will be paid to preferred sharelalders in year 1 ? How much dividend will be paid to common shareholders in year 1 ? How much dividend must Preferred Shareholders be paid in future years, related to year 1 , before common shareholders can receive a dividend, i.e. how much more Preferred due