Winter Inc. was incorporated on January 1, 2017. Winter issued 5,000 shares of common stock and 600 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 8% dividend rate. Winter has not paid any dividends yet. In 2021, Winter had its first profitable year, and on November 1, 2021. Winter declared a total dividend of $28,000. Calculate the amount that will be paid out to a) preferred shareholders b)common shareholders Show your work. Winter Inc. was incorporated on January 1, 2017. Winter issued 5,000 shares of common stock and 600 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 8% dividend rate. Winter has not paid any dividends yet. In 2021, Winter had its first profitable year, and on November 1, 2021. Winter declared a total dividend of $28,000. Calculate the amount that will be paid out to a) preferred shareholders b)common shareholders Show your work