$1.(4$ points$)$ Dividend Allocation

Durden Co$.$ has $$10$ par value, $15\%$ cumulative preferred stock.$$ There are $7,000$ shares issued and outstanding of the preferred stock.$$ The company also has $100,000$ shares of $$1$ par value common stock.$$ No dividends had been paid in the years $2023,2024,2025,$ and $2026.$ In $2027,$ the company paid $$32,000$ in dividends.$$ In $2028,$ the company paid $$75,000$ in dividends.$$ Determine the allocation of dividends between preferred and common stockholders for $2027$ and $2028.$

Year

Preferred Stock

Common Stock

Carryover

$2023$

$$

$$

$$

$2024$

$$

$$

$$

$2025$

$$

$$

$$

$2026$

$$

$$

$$

$2027$

$$

$$

$$

$2028$

$$

$$

$$

Totals

$$

$$

$$