Reference no: EM132975869

Question - Swifty Corporation's December 31, 2020 balance sheet showed the following:

6% preferred stock, $10 par value, cumulative, 35000 shares authorized; 22000 shares issued $220000

Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19300000

Paid-in capital in excess of par value - preferred stock 60000

Paid-in capital in excess of par value - common stock 27700000

Retained earnings 9450000

Treasury stock (30,000 shares) 693000

Swifty declared and paid a $85700 cash dividend on December 15, 2020. If the company's dividends in arrears prior to that date were $29600, what the Swifty's common stockholders received?