Question - 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, 2011, and December 31, 2012. The board of directors declared and paid a $4,000 dividend in 2011 in 2012, $15,000 of dividend and paid. What are the Dividends received by the preferred and common shareholders in 2012?