The following elements of stockholders' equity are adapted from the balance sheet of Scribner Corporation. (Click on the icon to view the data.) (Click the icon to view more information.) Requirement 1. Compute the dividends to preferred and common shareholders for 2019 if total dividends are $65,000 in 2019. X More Info Class of Stock 2019 Preferred Common Scribner Corporation paid no preferred dividends in 2018 but paid the designated amount of cash dividends per share to preferred shareholders in all prior years. Total Data Table Print Done Stockholder's Equity $ 240,000 Preferred stock, cumulative, $8 par (Note 7), 30,000 shares issued and outstanding Common stock, $0.60 par, 100,000 shares issued and outstanding Note 7. Preferred stock: Designated annual cash dividend per share, $0.80. 60,000