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

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

Sanderson 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 $$205,000$ 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.$)$

Sanderson's $2024$ dividend would be divided between preferred and common stockholders in this mannar

Total Dividend$-2024$

Dividend to preferred stockholders:

Dividend in arrears

Current year dividend

Total dividend to preferred stockholders

Dividend to common stockholders

Data table

$\backslash$table$[[$Stockholders$\text{'}$ Equity$],[$Paid$-$In Capital:,$],[\backslash$table$[[$Preferred Stock$-5\%,$ $$2$ Par Value; $160,000$ shares$],[$authorized$,85,000$ shares issued and outstanding$]],$$$170,000$