26. The ZZ Corporation had the following shares of stock outstanding at December 31, 2019: Common Stock, $50 par value, 40,000 shares outstanding; and Preferred Stock, 6 percent, $100 par value, cumulative,10,000 shares outstanding. Dividends for 2017 and 2018 were in arrears. On December 31, 2019, ZZ declared total cash dividends of $250,000. The total amounts payable to preferred stockholders and common stockholders, respectively, are:

1. $60,000/$190,000

2. $120,000/$130,000

3. $125,000/$125,000

4. $180,000/$70,000