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5,000 shares of 7%, $15 par cumulative preferred stock, and 150,000 shares of $1 par common stock outstanding on 12/31/09. The company declared and paid

5,000 shares of 7%, $15 par cumulative preferred stock, and 150,000 shares of $1 par common stock outstanding on 12/31/09. The company declared and paid dividends of $2,000 in 2009. In 2010, 25,000 of dividends were declared and paid. Compute the amount of dividends paid to the preferred and common shareholders in 2020.

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