Sterling Trust has the following classes of stock:

Preferred Stock5%, $15 Par Value; 5,500 shares authorized, 4,000 shares issued and outstanding

Common Stock$0.20 Par Value; 2,000,000 shares authorized, 1,650,000 shares issued and outstanding

Requirement 1. Sterling declares cash dividends of $25,000 for 2024. How much of the dividends goes to preferred stockholders? How much goes to common stockholders?

Requirement 2. Assume the preferred stock is cumulative and Sterling passed the preferred dividend in 2022 and 2023. In 2024, the company declares cash dividends of $42,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders?

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 2024. 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: Requirement 2. Assume the preferred stock is cumulative and Sterling passed the preferred dividend in 2022 and 2023. In 2024, the company declares cash dividends of $42,000. How much of the dividend 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: Data table Preferred Stock-5\%, \$15 Par Value; 5,500 shares authorized, 4,000 shares issued and outstanding Common Stock-\$0.20 Par Value; 2,000,000 shares authorized, 1,650,000 shares issued and outstanding