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In 2012, the board of directors of Exotic Bakery Corporation declared total dividends of $47,000. The company has 1,000 shares of 1%, $70 par, preferred

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In 2012, the board of directors of Exotic Bakery Corporation declared total dividends of $47,000. The company has 1,000 shares of 1%, $70 par, preferred stock. There are no dividends in arrears. How much of the $47,000 will be paid to the preferred shareholders (SH_s)? How much be paid to the common shareholders (SH_s)? (Enter an amount in each input field including zeros if no dividends were paid to shareholders)

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