Scientific Leasing has 5,000 shares of 7%, $100 par value, cumulative preferred stock outstanding. Each $100 share pays a $7 dividend (.07 $100). The annual dividend is $35,000 (5,000 $7 per share), but dividends are two years in arrears for 2018 & 2019.

In 2020, lets assume either: (a) A $100,000 cash dividend is paid, or (b) A $150,000 cash dividend is paid.

How much does preferred stockholders (PS) receive and how much does common stockholders (CS) receive under each?

(a)PS receive how much? _____ , CS receive how much? _____

(b) PS receive how much? _____ , CS receive how much? _____