The following elements of stockholders' equity are from the balance sheet of Sacchetti Marketing Corp. at December $31,2023$:

$($Click on the icon to view the data.$)$

Sacchetti paid no preferred dividends in $2023.$

Read the requirements.

Requirement $1.$ Compute the dividends to the preferred and common shareholders for $2024$ if total dividends are $$190,000$ and assuming the preferred stock is noncumulative. Assume no changes in preferred and common

stock in $2024.($Complete all input boxes. Enter $"0"$ for any zero amounts.$)$

Sacchetti's $2024$ dividend would be divided between preferred and common stockholders in this manner:

Total Dividend$-2024$

Data table

Dividend to preferred stockholders:

Dividend in arrears

Current year dividend

Total dividend to preferred stockholders

Dividend to common stockholders

Stockholders' Equity

Paid$-$In Capital:

Preferred Stock$-4\%,$ $$2$ Par Value; $90,000$ shares

authorized, $75,000$ shares issued and outstanding

$$150,000$

Common Stock$-$ $$0\mathrm{.}10$ Par Value; $10,750,000$ shares

authorized, $10,000,000$ shares issued and outstanding