The following elements of shareholder's equity are adapted from the balance sheet of Johnnie Power Machines Ltd.: Shareholder's Equity Preferred shares, $3 cumulative, $170,000 100,000 shares authorized, 20,000 shares issued and outstanding Common shares, 200,000 shares authorized, 60,000 shares issue and outstanding 500,000 The company has paid all dividends through 2016. No dividends were declared in 2017 and 2018. Required Compute the dividends paid to preferred shareholders and to common shareholders for 2019 and 2020 if total dividends declared are $200,000 in 2019 and $75,000 in 2020. Round your answers to nearest dollar