Macy Company has 9000 shares of 10% cumulative preferred stock of $100 par and 25,000 shares of $75 par common stock. The following amounts were distributed as dividends: Year Amount of Dividends 2015 $40,000.00 2016 $60,000.00 2017 $180,000.00 2018 $40,000.00 2019 $30,000.00 Required: Determine the amount of dividends that was paid each year (2015-2019) for the preference shareholders and ordinary shareholders. Year 2015 2016 2017 2018 Total Amount of dividends to be paid for the preference shares Total Amount of dividends to be paid for the ordinary shares