New England Communications has the following stockholders' equity:

Requirements
Assume the preferred stock is cumulative. Compute the amount of dividends to preferred and common shareholders for 2016 and 2017 if total dividends are $13,200 in 2016 and $46,000 in 2017?

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New England Communications Stookholders' Equity Paid-in Capital: Preferred Stock, 7%, $10 par, 100,000 shares authorized, 26,000 shares issued and outstanding Common Stock, $0.50 par, 500,000 shares authorized, 330,000 shares issued and outstanding Paid-in Capital in Excess of Par-Common Total Paid-in Capital Retained Earnings Total Stockholders' Equity $ 260,000 165,000 580,000 $1,005,000 160,000 $1,165,000