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The stockholders' equity section of Sandhill Corporation shows the following on December 31, 2026: Preferred stock4%, $100 par, 4,500 shares outstanding $450,000 Common stock$10 par,
The stockholders' equity section of Sandhill Corporation shows the following on December 31, 2026: Preferred stock4%, $100 par, 4,500 shares outstanding $450,000 Common stock$10 par, 58,000 shares outstanding 580,000 Paid-in capital in excess of par 210,000 Retained earnings 141,600 Total stockholders' equity $1,381,600 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/26 and that preferred dividends were last paid on 12/31/25, show how much the preferred and co
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