Rachels Designs has 1,900 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2016. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2016 or 2017. The company plans to pay total dividends of $19,000 in 2018. How much of the $19,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? *Please show work

Rachel s Designs has 1,900 shares o 6% $50 per value cumulative pre erred stock issued at the beginning o 2016 AI remaining shares are common stock. Due to cash difficulties, the company was not able to pay dividends in 2016 or 2017, The company plans to pay total dividends of $19,000 in 2018. How much of the $19,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders? sok pay oal ividende rf 00 Prelerred dividends for 2018 Preferred dividends in arears for 2016 and 2017 Remaining dividends to common slockholders Total dividends