Stevens and Sons, Incorporated has 100,000 shares of $4.50 par value, 10% NON CUMULATIVE preferred outstanding and 800,000 shares of $ 50 par value common stock outstanding Both classes of stock have been outstanding since the company began operation. In 2023, Stevens and Sons did NOT declare dividends BUT is declaring a $120,000 cash dividend in 2024 Determine the amount of the total dividend to be distributed to each class of stockholder in 2024 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)