Library, Inc.has 2,500 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2021.The board of directors declared and paid a $3,000 dividend in 2020.In 2021, $18,000 of dividends are declared and paid.What are the dividends received by the preferred and common shareholders in 2021?

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The Answer of Library, Inc.has 2,500 shares of 4%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2021.The board of directors declared and paid a $3,000 dividend in 2020.In 2021, $18,000 of dividends are declared and paid.What are the dividends received by the preferred and common shareholders in 2021?