1. Steelers Co. has 100,000 shares of authorized common stock, 50,000 shares of which are issued and outstanding. Additionally, Steelers Co. has 50,000 shares of 8% $100 par value cumulative preferred stock issued and outstanding. During 2018, no dividends were paid on preferred or common shares. During 2019, a $1 dividend was paid on common shares and all preferred shareholders received their dividends. What is the total cash paid by Steelers in 2019 to ALL shareholders?