In 2015, Shem Creek Corp. paid $52,000 dividends to its shareholders. At the time, the corporation had 4,000 shares of cumulative preferred $5 stock, $10 par and 3,000 shares of common stock, $5 par issued. If no dividends were paid in 2014, determine how much each preferred and common shareholder will receive.

Blank 1: preferred stock

Blank 2: common stock

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