Fargo Company's outstanding stock consists of 300 shares of noncumulative 5% preferred stock with a $10 par value and 3,600 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.

	Dividend Declared
year 1	$	26,000
year 2	$	9,000
year 3	$	35,000

The amount of dividends paid to preferred and common shareholders in year 1 is: