Halverstein Company's outstanding stock consists of 13,650 shares of cumulative 5% preferred stock with a $10 par value and 5,850 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	$	0
Year 2	$	11,700
Year 3	$	48,000

The amount of dividends paid to preferred and common shareholders in Year 2 is: