ABC Corporation has the following capital structure Preferred Stock - 100,000 shares isued and outstanding $100 par, 3% cumulative Common Stock 2,000,000 shares issued and outstanding $1 par Excess Paid in Capital Retained Earnings 10,000,000 2,000,000 30,000,000 50,000,000 ABC did not pay a dividend last year. This year it has net income of $1,800,000 and plans to pay $1,00,000 in dividends. How much will each share of preferred and common receive?