What is the amount of dividends received for concord corp

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Problem 1: Concord Corporation has 6500 shares of 5%, $100 par value, cumulative preferred stock and 13000 shares of $1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2015. The board of directors declares and pays a $58500 dividend in 2016 and in 2017. What is the amount of dividends received by the common stockholders in 2017?

option 1: $0.

option 2: $32500.

option 3: $19500.

option 4: $26000.

Reference no: EM132843468

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