Sterling Trust has the following classes of stock:

$($Click the icon to view the data.$)$

Read the requirements.

Requirement $1.$ Sterling declares cash dividends of $$25,000$ for $2018.$ How much of the dividends goes to preferred stockholders? How much goes to common stockholders? $($Complete all input boxes. Enter $"0"$ for any zero amounts.$)$

Sterling's dividend would be divided between preferred and common stockholders in this manner:

Total Dividend

Dividend to preferred stockholders:

Dividend in arrears

Current year dividend

Total dividend to preferred stockholders

Dividend to common stockholders

Data table

Preferred Stock$-3\%,$ $$14$ Par Value; $6,000$ shares authorized, $4,500$ shares issued and outstanding

Common Stock$-$ $$0\mathrm{.}25$ Par Value; $2,400,000$ shares authorized, $1,000,000$ shares issued and outstandingMM