Transcribed image text: 4. Fido Corporation has common and 5% preferred stock outstanding as follows: Preferred stock: 20,000 shares, $30 par value Common stock: 60,000 shares, at $50 par value The company declares a total dividend of $100,000. If the dividends on preferred stock are TWO years in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock? (15 points) a) Preferred stock dividends: b) Common stock dividends