Cableserve Inc. has the following outstanding shares: 11,000 shares, $5.40 cumulative preferred 27,000 shares, common During 2020, the company declared and paid $134,000 in dividends. Dividends were in arrears for tho prevous year (2019) only, No new shares have been issued since the first year of operations. Required: 1. What was the total amount paid to the preferred sharehoiders as dividends in 2020 ? 2. What was the total amount paid to tho common sharenolders as dividends in 2020 ?

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