Question

Waterway Industries, has 16500 shares of 4%, $100 par value, cumulative preferred stock and 62000 shares of $1 par value common stock outstanding at December 31, 2021. There were no dividends declared in 2019. The board of directors declares and pays a $113000 dividend in 2020 and in 2021. What is the amount of dividends received by the common stockholders in 2021

Answer 1

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