please show all work and explain, thank you

The shareholders' equity of Janeek Enterprises includes $295,100 of no par common stock and $576,100 of 7% cumulative preferred stock. The board of directors declared cash dividends of $88,800 in 2016 after paying $35,900 cash dividends in 2015. What is the amount of dividends paid to preferred shareholders in 2016? ______________________