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Weaver Corporation had the following stock issued and outstanding at January 1 , Year 2 : 1 3 4 , 0 0 0 shares of

Weaver Corporation had the following stock issued and outstanding at January 1, Year 2 :
134,000 shares of $12 par common stock.
7,500 shares of $90 par, 5 percent, noncumulative preferred stock.
On June 10, Weaver Corporation declared the annual cash dividend on its 7,500 shares of preferred stock and a $2 per share dividend for the common shareholders. The dividends will be paid on July 1 to the shareholders of record on June 20.
Required
Determine the total amount of dividends to be paid to the preferred shareholders and common shareholders.
\table[[Preferred stock,],[Common stock,],[Total dividends,]]
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