1. Duncan Corporation has 2,000 shares of $100 par value, 6 percent cumulative preferred stock and 20,000 shares of $10 par value common stock outstanding. In its first four years of operation, Duncan Corporation paid cash dividends as follows: (24 points)

2017: $15,000

2018: $0

2019: $20,000

2020: $25,000.

1. Calculate the total cash dividends received by owners of preferred and common stock in each year.