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The shareholders' equity of Green Corporation includes $332,000 of $1 par common stock and $520,000...

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Accounting

The shareholders' equity of Green Corporation includes $332,000 of $1 par common stock and $520,000 par of 7% cumulative preferred stock. The board of directors of Green declared cash dividends of $62,000 in 2018 after paying $32,000 cash dividends in each of 2017 and 2016. What is the amount of dividends common shareholders will receive in 2018?

Multiple Choice

$25,600.

$45,200.

$16,800.

$40,800.

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