Weaver Corporation had the following stock issued and outstanding at January 1 Year 21 1.100.000 shares of $12 par common stock 2.5,000 shares of $140 par, 4 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 5,000 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 pald to the preferred shareholders and common shareholders Preferred stock Common stock Total dividend