Question - Mega, Inc., has common and 6 percent preferred stock outstanding as follows: Preferred stock: 10,000 shares, $ 100 par value, cumulative Common stock: 50,000 shares, $ 50 par value. The company declares a total dividend of $ 200,000. If the dividends on preferred stock are one year in arrears (in addition to the current year), how will the total dividend be divided between the common and preferred stock?