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Permabilt Corporation was incorporated on January 1 , 2 0 2 2 , and issued the following stock for cash: 2 , 0 0 0

Permabilt Corporation was incorporated on January 1,2022, and issued the following stock for cash:
2,000,000 shares of no-par common stock were authorized; 750,000 shares were issued on January 1,2022, at $35 per share.
800,000 shares of $100 par value, 7.5% cumulative, preferred stock were authorized; 540,000 shares were issued on January 1,2022, at $105 per share.
No dividends were declared or paid during 2022 or 2023. However, on December 22,2024, the board of directors of Permabilt Corporation declared dividends of $15,000,000, payable on February 12,2025, to holders of record as of January 8,2025.
b. Of the total amount of dividends declared during 2024, how much will be received by prefarred shareholders?
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