Flowers Inc. has both common and preferred stock. There are 40,000 shares of $2 par common stock outstanding and 1,000 shares of $19 par, 9% noncumulative preferred stock outstanding. The company did not pay any dividends in 2022. Distribute dividends to each class of stockholders using the following information: Year Dividends Declared 2023 $3,500 2024 $1,400 2025 $4,000.