Curtain Co. paid dividends of $4,000; $5,000; and $8,000 during Year 1, Year 2, and...
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Curtain Co. paid dividends of $4,000; $5,000; and $8,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,600 shares of 3.0%, $100 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during Year 3 would be:
A. $4800
B. $1000
C. $2600
D. $800
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