In addition to common shares outstanding, Essex Corporation has the following preferred shares outstanding at the end of 2020,as indicated in the following table.

Prefered shares: $25 stated value, 10%, non-cumulative, 1000 shares

$100 stated value, 6% cumulative, convertible, 2500 shares

A)Indicate the amount of annual dividend on each issue of the preferred shares by completing the last column of the above table.?

B)Assume there are one year of dividends in arrears at the beginning of 2020, and Essex declared total dividends of $40,000 in 2020. What is the amount of dividends that the common shareholders will receive in 2020?