ABC Inc. has $15,000$ $$2\mathrm{.}50$ cumulative preferred shares and $75,000$

common shares outstanding. There were no dividends declared or paid

in the last $2$ years, but the Company declared $$120,000$ in dividends

in the current year. Determine the amount of dividends that would

be paid to the preferred shareholders, and the amount that would be

paid to the common shareholders.