The Levinson Corporation pays dividends at the end of each year. The dividends paid for 20x1, \(20 \times 2\), and \(20 \times 3\) were \(80,000,60,000\), and 180,000 , respectively.

Calculate the total amount of dividends paid each year to the ordinary and preference shareholders if each of the following capital structures is assumed: (1) 20,000 preference shares of 100 nominal value, 6 per cent noncumulative, and 60,000 ordinary shares of 10 nominal value. (2) 10,000 preference shares of 100 nominal value, 7 per cent cumulative, and 60,000 ordinary shares of 10 nominal value. There were no dividends in arrears at the beginning of \(20 \times 1\) and all shares were outstanding.