1 Magic Corporation has 3,000 shares of $100, 5 percent cumulative preferred stock outstanding and 100,000 share of $1 par value common stock outstanding. In the company's first three years of operation, its board of directors paid the following cash dividends: 2013, $10,000; 2014 $15,000; and 2015 $50,000. Determine the total cash dividends paid to the preferred and common stockholder's during each of the three years