Shysong Corporation has outstanding $10,900$ shares of $$100$ par value, $6\%$ preferred stock and $56,500$ shares of $$10$ par value

common stock. The preferred stock was issued in January $2025,$ and no dlvidends were dectared in $2025$ or $2026.$ In $2027,$ Shyeong

declares a cash dividend of $$274,000.$

A$)$ Assume that the prefered are noncumulative.