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

Preferred stock5%, $100 par, 4,800 shares outstanding $480,000

Common stock$10 par, 59,000 shares outstanding 590,000

Paid-in capital in excess of par 190,000

Retained earnings 120,300

Total stockholders' equity $1,380,300

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 $ 24000 I do know if this number is right

Common stockholders $ My number here is wrong