Teebone Company has $3,200,000 to distribute as dividends. It has 3,000,000 shares of $1 par value common stock outstanding ($3,000,000 in par value) and 20,000 shares of 6% preferred stock with a par value of $100 per share ($2,000,000 in par value). The preferred stock is cumulative and fully participating. How would the dividends be distributed if the company has not paid a dividend for 3 years?
		Preferred Stock	Common Stock	Total