please explain as well

Dividing cash dividends between preferred and common stock Learning Objective 4 Copperhead Trust has the following classes of stock: Preferred Stock_6%, S12 par value: 8.500 shares authorized, 7.000 shares issued and outstanding Common Stock-$0.10 par value: 2.100,000 shares authorized. 1,400,000 shares issued and outstanding Requirements 1. Copperhead declares cash dividends of $14.000 for 2018. How much of the dividends goes to preferred stockholders? How much goes to common stockholders? 2. Assume the preferred stock is cum lative and Copperhead passed the preferred dividend in 2016 and 2017. In 2018, the company declares cash dividends of S46,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders? 3. Assume the preferred stock is noucmulative and Copperhead passed the preferred dividend in 2016 and 2017. In 2018, the company declares ensh dividends of 546,000. How much of the dividend goes to preferred stockholders? How much goes to common stockholders