Eastern Communications has the following stockholders’ equity:

Requirement 1. Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common shareholders for 2010 and 2011 if total dividends are \($36,000\) in 2010 and \($51,000\) in 2011.

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Paid-in Capital: Eastern Communications Stockholders' Equity Preferred Stock, 15%, $10 par, 100,000 shares authorized 28,000 shares issued and outstanding Common Stock, $0.50 par, 500,000 shares authorized 320,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 280,000 160,000 550,000 990,000 160,000 $1,150,000