Wellstone Corporation has the following capital stock outstanding: $10 par value common stock, outstanding 150,000 shares. 8% preferred stock, par $800, 2,000 shares, with 2 years in arrears. Cash dividends of $400,000 were declared and paid near the end of the current year. Requirements: Assume that the preferred stock is cumulative. Calculate: Dividends received by the preferred stockholders Dividends received by the common stockholders Show computations here: