Wildhorse, Ltd. has 8,000 outstanding no par value $1.00 preferred shares issued for $80,000 and 40,000 outstanding no par value common shares issued for $24,000. No dividends were paid or declared during 2020 and 2021. Wildhorse wants to distribute $47,200 in dividends on December 31, 2022. Calculate the amount of dividends to be paid to each group of shareholders (i.e., preferred and common), assuming the preferred shares are non-cumulative and non-participating. Total dividends eTextbook and Media Preferred A Common |