Preferred Stock Cash Dividends LO_3, 4, 5 The equity section of Jeans Incorporated is as follows: Calculate the amount of dividends allocated to common and preferred stockholders under the following situations: $18,000 of total dividends and no preferred dividends in arrears and $24,000 of total dividends and two years of preferred dividends in arrears. How much did each common stockholder receive per share under each scenario