Required information 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: 1,100,000 shares of no-par common stock were authorized: 277000 shares were issued on January 1, 2019, at $31 per share . 447.000 shares of $100 par value, 10.00% cumulative, preferred stock were authorized: 126,000 shares were issued on January 1, 2019, at $125 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 $6.120,000, 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