PROBLEM #6 (8 points) ABBY Enterprises has the following transactions during the year related to stockholders' equity February 2 Issues 5,000 shares of no-par common stock for $15 per share. May October 15 Issues 2,000 shares of $10 par value, 10% cumulative preferred stock for $12 per share. Declares a cash dividend of $1 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Required: 1. What is the total dividend amount payable to all shareholders? 2. How much is due and payable to the common shareholders?