2. The shareholders' equity of Broncos Corporation includes $300,000 of $1 par common stock and $600,000 par of 6% cumulative, non-participating preferred stock. The board of directors of Broncos declared and paid cash dividends of $50,000,$30,000 and $70,000 in 2020, 2021 and 2022 , respectively. What should be the total dividend paid to preferred and common stockholders in each year? Show your computations