Eastern Communications has the following shareholders’ equity:

Eastern Communications Shareholders’ Equity

Share Capital:

Preferred Shares, 15%, unlimited number of shares authorized

28,000 shares issued and outstanding.......... $ 280,000

Common Shares, 500,000 shares authorized

320,000 shares issued and outstanding........ 710,000

Total Share Capital................. 990,000

Retained Earnings................. 160,000

Total Shareholders’ Equity..............$1,150,000

Requirement

Assume the preferred shares are cumulative. Compute the amount of dividends to preferred and common shareholders for 2014 and 2015 if total dividends are $36,000 in 2014 and $51,000 in 2015.