California Adventures issues 5,000 shares of 8%, $100 par value preferred stock at the beginning of -014. All remaining shares are common stock. The company was not able to pay dividends in 2014, but plans to pay dividends of $100,000 in 2015. Assuming the preferred stock is cumulative, how much of the $100,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2015? Net income for 2015 was $250,000 and the beginning retained earnings was $120,000. How much is the ending Retained earnings