Weaver Corporation had the following stock issued and outstanding at January 1, Year 1 1. 50,000 shares of $9 par common stock 2. 4,000 shares of $130 par, 6 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 4,000 shares of preferred stock and a $3 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