X Instructor-created question Question Help Sterling, Inc., prepared the following stockholders' equity section of its balance sheet on December 31, 2016. (Click the icon to view the data.) Sterling didn't pay any dividends in 2014 and 2015. In 2016 the company declares dividends of $17,000. How much of this dividend goes to preferred stockholders? How much goes to common stockholders? Assume the preferred stock is cumulative. Sterling's preferred stock dividend for 2016 Sterling's common stock dividend for 2016 P Data Table Stockholders' Equity Paid-in capital: Preferred stock, 3%, $140 par, 4,000 shares authorized, 600 shares issued and outstanding Common stock, $25 par, 23,000 shares authorized, 1,000 shares issued and outstanding $ 84,000 25,000 55,000 Paid-in capital in excess of parcommon Total paid-in capital Retained earnings $ 164,000 100,000 $ 264,000 Total stockholders' equity Print Done Enter any number in the edit fields and then click Check