Houston Corporation has the following stock outstanding: In 2016, Houston paid $330,000 in dividends. No dividends were paid in 2015 or 2014.

Compute the total amount of dividends that was paid to each class of stock.

Common Stocks:____________________________________________

Preferred Stocks:____________________________________________

5% cumulative preferred stock, par $20 $1,000,000 (50,000 shares issued and outstanding) Common stock, par $5 2,000,000 (400,000 shares issued and outstanding)