Great Lakes Manufacturing Inc. reported the following: Shareholders' Equity Preferred shares, cumulative, $0.10, 80,000 shares issued........................... $

Question:

Great Lakes Manufacturing Inc. reported the following:
Shareholders' Equity
Preferred shares, cumulative, $0.10, 80,000 shares issued........................... $ 80,000
Common shares, 8,130,000 shares issued..................................................... 813,000
Great Lakes Manufacturing has paid all preferred dividends through 2013.
Requirement
Compute the total amounts of dividends to both preferred and common shareholders for 2016 and 2017 if total dividends are $50,000 in 2016 and $100,000 in 2017?