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What is the amount of dividends received by stockholders

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Question - Oriole Company has 14000 shares of 5%, $100 par value, cumulative preferred stock and 28000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $137200 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?

a. $0.

b. $64400.

c. $70000.

d. $67200.

Reference no: EM132569026

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