Township, Inc

Short Answer

Township, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2017, and December 31, 2018. The board of directors declared and paid a $50,000 dividend in 2017. In 2018, $110,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2018?