rief Exercise $10-7($Algo$)$ Determine the amount of preferred stock dividends on $($LO$10-3)$

tephanie's Designs has $1,800$ shares of $6\%,$$$50$ par value cumulative preferred stock issued at the beginning of $2022.$ All remaining hares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in $2022$ or $2023.$ The company lans to pay total dividends of $$18,000$ in $2024.$ How much of the $$18,000$ dividend will be paid to preferred stockholders and how nuch will be paid to common stockholders?

$\backslash$table$[[$Preferred dividends in arrears for $2022$ and $2023],[$Preferred dividends for $2024],[$Remaining dividends to common stockholders$],[$Total dividends$]]$