No dividends were declared in 2014 and 2015 During 2016, the total dividends declared amount to $10,000 Currently there are 4,000 shares of $1 cumulative preferred shares outstanding and 10,000 common shares outstanding The total amount of dividends payable to each class of shares in 2016 amounts to O A $5500 to preferred $4.500 to common OB $3000 to preferred 57 000 to common OC. $8.000 to preferred 52,000 to common OD 510 000 to preferred 50 to common