Aero Manufacturing Corporation has 6,240 shares of cumulative, 5.75%, $75 par value preferred stock outstanding, and 45,380 shares of common stock with a par value of $5.00 per share. (When working with currency, round to two decimal places immediately) Last year, the company failed to pay a dividend, but the board of directors would like to resume paying regular dividends this year; the Preferred Stock dividend was in arrears last year. The board has determined that $65,000 cash will be paid to preferred and common stockholders this year. A) Calculate the total amount to be paid to (1) preferred and (2) common stockholders.