Easy Money, Inc., has the following capital structure. $ 175,000 Preferred stock - $25 par value, 10,000 shares authorized, 7,000 shares issued and outstanding Common stock-$10 par value, 100,000 shares authorized, 80,000 shares issued and outstanding Total paid-in capital 800.000 $ 975,000 550.000 Retained earnings Total stockholders' equity $1.525.000 The number of issued and outstanding shares of both preferred and common stock have been the same for the last two years. Dividends on preferred stock are 8 percent of par value and have been paid each year the stock was outstanding except for the immediate past year. In the current year, management declares a total dividend of $60,000. Indicate the amount that will be paid to both preferred and common stockholders assuming (a) the preferred stock is not cumulative and (b) the preferred stock is cumulative