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Wininger Corporation has 1,000 shares of 6%,$50 par value, cumulative preferred...

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Accounting

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Wininger Corporation has 1,000 shares of 6%,$50 par value, cumulative preferred stock and 25,000 shares of $1 par value common stock outstanding on December 31, 2023 and December 31, 2024. The board of directors declared and paid a $2,000 dividend in 2023. In 2024, $16,000 of dividends are declared and paid. What are the dividends recelved by the common stockholders in 2024 ? (There were no dividends in arrears prior to 2023.) A. $3,000 B. $12,000 C. $1,000 D. $16,000

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