Weaver Corporation had the following stock issued and outstanding at January 1, Year 1 1. 201,000 shares of $1 par common stock. 221,000 shares of $105 par, 5 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 21,000 shares of preferred stock and a $0.25 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 Preferred Stock Common Stock Total Dividend