Waterway, Inc. has $10100$ shares of $5\%,$ $$100$ par value, noncumulative preferred stock and $101000$ shares of $$1$ par value common

stock outstanding at December $31,2019,$ and December $31,2020.$ The board of directors declared and paid a $$50000$ dividend in

In $2020,$ $$110000$ of dividends are declared and paid. What are the dividends received by the preferred and common

shareholders in $2020?$

Preferred

Common

$$50500$$$59500$

$$0$$$110000$

$$55000$$$55000$

$$64500$$$45500$