he stockholders' equity section of Metlock Corporation shows the following on December 31, 2021:
Preferred stock—4%, $100 par, 4,800 shares outstanding $480,000
Common stock—$10 par, 58,000 shares outstanding 580,000
Paid-in capital in excess of par 190,000
Retained earnings 146,400
Total stockholders' equity $1,396,400
Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/21 and that preferred dividends were last paid on 12/31/19, show how much the preferred and common stockholders should receive if the preferred stock is cumulative and fully participating.
Preferred stockholders $
Common stockholders $