Please provide some help solving section b of this problem. Thanks in advance!

Exercise 11-5 (Part Level Submission) Hodge Corporation issued 104,000 shares of $18 par value, cumulative, 8% preferred stock on January 1, 2016, for $2,600,000. In December 2018, Hodge declared its first dividend of $850,000. (a) Your answer is correct. Prepare Hodge's journal entry to record the issuance of the preferred stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Cash 2600000 Preferred Stock 1872000 Paid-in Capital in Exces 728000 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO TEXT Attempts: 1 of 3 used If the preferred stock is not cumulative, how much of the $850,000 would be paid to common stockholders? Common Stock Dividends