Dedrick Inc. did not pay dividends in 2018 or 2019, even though 41,500 shares of its 6.5%, $50 par value cumulative preferred stock were outstanding during those years. The company has 236,000 shares of $2.5 par value common stock outstanding.

Required:

1. Calculate the annual dividend per share obligation on the preferred stock.(Round your answer to 2 decimal places.)
2. Calculate the amount that would be received by an investor who has owned 260 shares of preferred stock and 590 shares of common stock since 2017 if a $0.25 per share dividend on the common stock is paid at the end of 2020.(Do not round intermediate calculations.)