Preferred Stock:	# Shares	Stated Dividend Rate	Par value
Authorized shares of cumulative, non-participatory preferred stock	80,000	6%	$10
Issued shares of prefered stock	60,000
Outstanding shares of preferred stock	30,000
Common Stock:	# Shares
Authorized shares of $1 par value common stock	50,000
Issued shares of common stock	40,000
Outstanding shares of common stock	10,000

How do I allocate the dividends between preferred and common stock? to calculate the preffered stock do I use both the issued and oustanding? or one or the other?