Dividends. Harris Corporation has the following equity securities outstanding: Preferred stock, participating, 20,000 shares, $15 par value, 14% dividend rate $300,000 Common stock, 5,000 shares, $20...

Dividends. Harris Corporation has the following equity securities outstanding:

Preferred stock, participating, 20,000 shares,

$15 par value, 14% dividend rate $300,000

Common stock, 5,000 shares, $20 par value $100,000

The dividend rate declared on the common stock is 12 percent, and dividends declared for the year are $60,000. Determine the amount of the dividend to be paid to preferred stockholders and common stockholders.