Jansen Sportswear issues 3,000 shares of 9%, $100 par value preferred stock at the beginning of 2015. All remaining shares are common stock. The company was not able to pay dividends in 2015, but plans to pay dividends of $38,000 in 2016 and 55,000 in 2017. Assuming the preferred stock is cumulative, how much of the $18,000 dividend will be paid to preferred stockholders and how much will be paid to common stockholders in 2016?

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Assume dividends were non-cumulative