The outstanding share capital of Barracuda Minerals includes 4,000 shares of $6.50, cumulative, preferred shares and 5,000 common shares, which had been issued at $25 per share. During its first two years of operation the corporation declared and paid the following amounts in dividends. Year 2020 2021 Total Dividend Declared 25,000 35,000 REQUIRED: 1. Determine the total dividends paid in 2021 to each class of shareholders. (No journal entry is required, show your calculations.)