The Arcadia Company is liquidating. After paying off all of its creditors, the company has $800,000 to distribute between its preferred stockholders and its common stockholders. The aggregate par value of the preferred stock is $540,000 and the aggregate par value of its common stock is $1,400,000 How much of the remaining $800,000 in assets should be distributed to the preferred stockholders and how much should be distributed to the common stockholders? Dollars to be distributed Preferred stockholders $ 800,000 x Common stockholders $ 1,400,000 x