Kingbird Inc. has the following shares outstanding: 51,600 common and 19,000 $0.85 cumulative preferred. On December 15, the directors declared dividends of $69,090 to the shareholders of record on December 28, payable January 10. Dividends have not been paid for the last two years. Calculate the amount of dividends payable to each of the common shareholders and the preferred shareholders. Dividends payable to the preferred shareholders $ Dividends payable to the common shareholders $ eTextbook and Media List of Accounts