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Weaver Corporation had the following stock issued and outstanding at January 1, Year 2: 1.63,000...

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Weaver Corporation had the following stock issued and outstanding at January 1, Year 2: 1.63,000 shares of $8 par common stock. 2.9,500 shares of $50 par , 7 percent, noncumulative preferred stock. On June 10, Weaver Corporation declared the annual cash dividend on its 9,500 shares of preferred stock and a $4 per share dividend for the common shareholders. The dividend will be paid on July 1 to the shareholders of record on June 20. Required Determine the total amount of dividend to be paid to the preferred shareholders and common shareholders. Preferred stock Common stock Total dividend

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