Stockholders' equity of Marwick Company consists of 10,000 shares of $20 par value, 8% cumulative preferred stock and 400,000 shares of $1 par value common stock. Both classes of stock have been outstanding since the company's inception. Marwick did not declare any dividends in the prior year, but it now declares and pays a $92,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two year old company. Hint: How much of the $92,000 dividend that was declared this year is allocated to the preferred stock and common stock