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Problem: Module 3 Textbook Problem 15 Learning Objective: 3-11 Differentiate between common and preferred stock Weaver Corporation had the following stock issued and outstanding at January 1 , Year 2 : 1. 69.000 shares of $13 par common stock 2. 6.000 shares of $100 pat, 7 percent, noncumulative preferred stock. On June 10. Weaver Corporation declared the annual cash dividend on its 6,000 shares of preferred stock and a $2 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