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

$150,000$ shares of $$1$ par common stock.

$15,000$ shares of $$100$ par, $6$ percent, noncumulative preferred stock.

On June $10,$ Weaver Corporation declared the annual cash dividend on its $15,000$ shares of preferred stock and a $$0\mathrm{.}50$ 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.

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