Stock issued and outstanding for Cowboy Ice Cream (CIC) at January 1, Year 2 is listed below: 1. 105,000 shares of $10 par common stock. 2. 9,000 shares of $50 par, 5 percent, noncumulative preferred stock. On July 10, CIC declared the annual cash dividend on its 9,000 shares of preferred stock and a $5 per share dividend for the common shareholders. The dividend will be paid on August 1 to the shareholders of record on July 20. Required Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders. Preferred stock Common stock Total dividend