The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018:

Preferred stock5%, $100 par,5,300shares outstanding$530,000

Common stock$10 par,59,000shares outstanding590,000

Paid-in capital in excess of par200,000

Retained earnings104,900

Total stockholders' equity$1,424,900

Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred and common stockholders should receive if the preferred stock is cumulative and fully participating.

Preferred stockholders $ 12019.64286 this number is wrong

Common stockholders $13380.35714 this number is wrong