Share Capital – Preference: 5%, $100 par value, noncumulative, 100,000 shares authorized, 60,000 shares issued and outstanding Share Capital – Ordinary: $1 par value, 10,000,000 shares authorized,...

Share Capital – Preference:
5%, $100 par value, noncumulative,
100,000 shares authorized,
60,000 shares issued and outstanding

Share Capital – Ordinary:
$1 par value, 10,000,000 shares authorized,
6,000,000 shares issued
and 5,970,000 shares outstanding

A cash dividend was declared for preference shares and a cash dividend of
$0.03 per share was declared for ordinary shares. The dividends will be paid in April.

How to calculate the cash dividends should be issued?