The following elements of stockholders' equity are adapted from the balance sheet of Smitts Marketing Corp. 1. Smitts Marketing Corp. Stockholders'Equity Preferred stock, 8% cumulative, $2 par, 80,000 shares Common stock, $0.10 par, 10,000,000 shares authorized, 9250,000 shares, issued and outstanding and outstanding $160,000 $925,000 Smitts paid no preferred dividends in 2008. You are required to compute the dividends to preferred and common stock for 2009 if total dividends are $150,000