Selected Stock Transactions

Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year:

Preferred 2% Stock, $125 par (50,000 shares authorized, 25,000 shares issued)	$3,125,000
Paid-In Capital in Excess of ParPreferred Stock	625,000
Common Stock, $20 par (500,000 shares authorized, 200,000 shares issued)	4,000,000
Paid-In Capital in Excess of ParCommon Stock	520,000
Retained Earnings	17,532,000

During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:

1. Purchased 30,000 shares of treasury common for $25 per share.
2. Sold 15,000 shares of treasury common for $28 per share.
3. Issued 13,000 shares of preferred 2% stock at $144.
4. Issued 50,000 shares of common stock at $27, receiving cash.
5. Sold 10,000 shares of treasury common for $23 per share.
6. Declared cash dividends of $2.50 per share on preferred stock and $0.10 per share on common stock.
7. Paid the cash dividends.

What is the cash dividends and cash dividends payable?