The Cormer Corporation pays dividends at the end of each year. The dividends that it paid for 20x3, 20x4, and 20x5 were $80,000, $60,000, and $180,000, respectively.

Calculate the total amount of dividends the Cormer Corporation paid in each of these years to its common and preferred stockholders under both of the following capital structures: (1) 20,000 shares of $100 par, 6 percent noncumulative preferred stock and 60,000 shares of $10 par common stock; (2) 10,000 shares of $100 par, 7 percent cumu- lative preferred stock and 60,000 shares of $10 par common stock. No dividends were in arrears at the beginning of 20x3.