Pettibones Corporation had the following Owners Equity at December 31, 2016.

Preferred stock, $100 par value, 7%, cumulative,

5,000 shares authorized, 4,000 shares issued and outstanding $ 400,000

Common stock, $5 par value, 35,000 shares authorized, 15,000 shares

Issued and outstanding $75,000

On December 31, 2016, Pettibones decides to pay out cash of $180,000 for dividends. The preferred stock did not receive dividends in 2016 or in 2015.

Calculate the total dollar amount of cash dividends that will go to the preferred shareholders, and the total to the common shareholders.