St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000 no par common shares and 20,000 no par, $ 0.40, preferred shares issued at $ 5 each. The company’s...

St. Laurence reports the following data: Throughout the year, St. Laurence has outstanding 150,000 no par common shares and 20,000 no par, $ 0.40, preferred shares issued at $ 5 each. The company’s balance sheet also reports that the preferred shares are cumulative and non-participating. The data shows dividends were paid every year except the past two years and the current year.

How much dividends will the common shareholders received if $50,000 wwas distributed?

How much dividends will the preferred shareholders receive if $21,000 will be distributed in the year?