Question 13 0/1 Tool Content View Policies Show Attempt History Current Attempt in Progress Greencastle Corporation issued 408,000 $2 cumulative preferred shares. In its first year of operations, it paid $590,000 of dividends to its preferred shareholders. In its second year, the company paid dividends of $408,000 to its preferred shareholders. (a) Your answer is incorrect. What is the total annual preferred dividend supposed to be for the preferred shareholders? Total annual preferred dividend $