eBook Show Me How Exercise 10 74 (Algorithmic) Cumulative Preferred Dividends Capital stock of Barr Company includes: Common stock, 55 par, 650,000 shares outstanding $3,250,000 Preferred stock, 15% cumulative, 360 par 10,000 shares outstanding 600,000 As of December 31, 2018, 2 vears dividends are in arrears on the preferred stock. During 2019, Barlant to pay dividends that total 1263.000 Required: If an answer is zero enter" 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2019 Total dividend to preferred stockholders Total dividend to common stockholders 2. If Bar paid $295,000 of dividends determine how much each group of stockholders would receive Total dividend to preferred stockholders Total dividend to common stockholders