Problem 8-24 (Algo) Common and preferred stock-issuances and dividends LO 1, 2 [The following information applies to the questions displayed below.] Permabilt Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 2,000,000 shares of no-par common stock were authorized; 284,000 shares were issued on January 1, 2019, at $34 per share. 355,000 shares of $110 par value, 11.00% cumulative, preferred stock were authorized; 129,000 shares were issued on January 1, 2019, at $137 per share. No dividends were declared or paid during 2019 or 2020. However, on December 22, 2021, the board of directors of Permabilt Corp. declared dividends of $6,330,000, payable on February 12, 2022, to holders of record as of January 8, 2022. Problem 8-24 (Algo) Part b b. Of the total amount of dividends declared during 2021, how much will be received by preferred shareholders? Dividends received by Preferred shareholders