At December 31, 2015 and 2016, Plank Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preference shares and 10,000 shares of $10 par value ordinary shares. At December 31, 2015, dividends in arrears on the preference shares were $8.000. Cash dividends declared in 2016 totaled $30.000. What amounts were payable on each class of stock? Preference Shares Ordinary Shares $16,000 $14,000 $22,000 $8,000 $24,000 $6,000 $30,000 $0