The following elements of stockholders’ equity are adapted from the balance

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The following elements of stockholders’ equity are adapted from the balance sheet of Sandler Marketing, Corp.

SANDLER MARKETING, CORP. Stockholders’ Equity
Preferred stock, 7% cumulative, $2 par,
75,000 shares authorized, issued and outstanding
$ 150,000
Common stock, $0.10 par, 10,250,000 shares authorized,
9,500,000 shares issued and outstanding
950,000

Sandler paid no preferred dividends in 2011.

Requirement
1. Compute the dividends to the preferred and common shareholders for 2012 if total dividends are $195,000.