Question: Question 10 5 pts EXTRA CREDIT Ehrlich, Inc. has 5,000 shares of 4%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par

Question 10 5 pts EXTRA CREDIT Ehrlich, Inc. has 5,000 shares of 4%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2019. The board of directors declared and paid a $7,000 dividend in 2019. In 2020, $30,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020? You must show your calculations

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