What is amount of dividends common shareholders receive

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Question 1: The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $52,000 in 2011 after paying $22,000 cash dividends in 2010 and $40,000 in 2009. What is the amount of dividends common shareholders will receive in 2011?

Option 1: $22,000.

Option 2: $26,000

Option 3: $18,000

Option 4: $28,000

Reference no: EM132523203

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