Wedge Corporation has the following capital stock outstanding:

$1 par value common stock, 250,000 shares.

8% preferred stock, par $100, 5,000 shares, cumulative, with 2 years in arrears.

Cash dividends of $150,000 were declared and paid near the end of the current year.

Required:

Calculate the dividends paid to the preferred stockholders.

Calculate the dividends paid to the common stockholders.