Nowell Inc. had the following stock issued and outstanding at January 1, Year 2: 1. 150,000 shares of no-par common stock. 2. 30,000 shares of $50 par, 4 percent, cumulative preferred stock. (Dividends are in arrears for one yeat) On March 8, Year 2. Nowell declared a \$175,000 cash dividend to be paid March 31 to sharehoiders of record on March 20 . Required What amount of dlvidends will be paid to the preferred shareholders versus the common shareholders