Weaver Corporation had the following stock issued and outstanding at January $1,$ Year $2$:

$62,000$ shares of $$7$ par common stock.

$4,000$ shares of $$100$ par, $7$ percent, noncumulative preferred stock.

On June $10,$ Weaver Corporation declared the annual cash dividend on its $4,000$ shares of preferred stock and a $$2$ per share dividend for the common shareholders. The dividend will be paid on July $1$ to the shareholders of record on June $20.$

Required

Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders.

$\backslash$table$[[$Preferred stock$],[$Common stock$],[$Total dividend$]]$