Use the following information for all questions related to Fiona's Fans: Fiona's Fans has the following shares issued and outstanding: Preferred Stock: 100 shares, $25 par value, 100% cumulative dividends. Common Stock: 10,000 shares, $1 par value. Both the preferred and common stock were issued on January 1st, Year 1, Fiona's first day of operations. It is now December 20th, Year 2. No dividends have been declared or paid through December 20th, Year 2.

If Fiona declares and pays a dividend of $30,000 on December 20th, Year 2,

A. How much will go to preferred shareholders?

B. How much will go to common shareholders?