Stockholders' equity of Emst Company consists of 94,000 shores of $5 par value, 10% cumulotlve preferred stock and 350,000 shares of \$1 par value common stock. Both classes of stock have been outstanding since the company's inception. Ernst did not deciore ony dividends in the prior year, but it now declares and pays a $140,000 cash dividend at the current year-end. Determine the omount distributed to each class of stockholders for this two-year-old company