A company has 5,000 shares of 4%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2018. The board of directors declared and paid a $8,000 dividend in 2019. In 2020, $30,000 of dividends are declared and paid.

What are the dividends received by the preferred and common shareholders in 2020 (show all work)?

For preferred stockholders:

For common stockholders: