Pear Garde Corporation has 150,000 shares of $1.35 preferred stock outstanding in addition to its common stock. The 51.35 designation means that the preferred stockholders receive an annual cash dividend of $1.35 per share. In 2021, Peart Garde declares an annual dividend of $500,000. The allocation to preferred and common stockholders is (Click the icon to view the data) Read the requirements Data table 1. How much in dividends must Peart Garde declare each year before the common stockholders receive any cash dividends for the year Dividends the company must declare each year before the common stockholders receivable any cash dividends Preferred dividend (150,000 shares 1.35 per share) Common dividend (remainder: $500,000-$202.500) Total dividend 200.000 297,500 500.000