The following information is provided for Silver Corp. for the year 2019: Preferred stock, 9%,...
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Accounting
The following information is provided for Silver Corp. for the year 2019: Preferred stock, 9%, $50 par value, 1,400 shares issued and outstanding Common stock, $100 par value, 2,400 shares issued and outstanding Dividends in arrears for three prior years (2016-2018) Total dividends declared and paid in 2019 were $54,000. Assume the preferred stock is noncumulative. How much of the 2019 dividend payment was paid to the common stockholders?
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$25,200.
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$6,300.
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$47,700.
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$28,800.
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