Morton company began operations on january 1, 2019. the company has the following items included in its stockholders’ equity section of the balance sheet on december 31, 2020: 6% preferred stock, $100 par, 100,000 shares authorized, 25,000 shares issued and outstanding $2,500,000 common stock, $3 par, 500,000 share authorized; 150,000 shares issued and outstanding 450,000 additional paid-in capital 2,250,000 total dividends for 2019 & 2020 were: during 2019, dividends not paid during 2020, dividends declared and paid $160,000 if morton company’s preferred stock was noncumulative, how much of the 2020 dividends would have been distributed to preferred and common stockholders?