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9. Zee Company has 10,000 shares of 5%, $55 par value, cumulative preferred stock and 40,000 shares of $1 par value common stock outstanding at

9. Zee Company has 10,000 shares of 5%, $55 par value, cumulative preferred stock and 40,000 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2016. The board of directors declares and pays a $50,000 dividend in 2017 and in 2018. What amount of dividends were paid to preferred stockholders and Common Stockholders in 2018? (Use the Grid Below for Your Calculations)

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