was organized in January 2014 and has 1,000 shares of $200 par value, 10 Buffet Company percent, noncumulative preferred stock outstanding and 3,000 shares of $1 par value common stock outstanding. Dividends declared and paid each year are $10,000 in 2014, $15,000 in 2015 and $75,000 in 2016. During 2016, the dividends that must be paid to the preferred and common stockholders, respectively, total