XGen Inc. was authorized to issue 25,000 shares of its 5% cumulative, $100 par value preferred and 100,000 shares of its $2 par value common stock. During 2024 and 2025 XGen Inc. declared and paid cash dividends of $15,000 and $45,000, respectively. Assume XGen Corp had 5,000 shares of its preferred stock and 60,000 shares of its common stock outstanding during 2024 and 2025 determine how much dividends was paid to preferred stockholders and common stockholders during 2025.

	1.	$15,000 to common stock and $0 to preferred stock
	2.	$25,000 to preferred stock and $20,000 common stock
	3.	$35,000 to preferred stock and $10,000 to common stock
	4.	$15,000 to preferred stock and $0 to common stock