1) Outstanding stock of the Kingbird Corporation included 49000 shares of $5 par common stock and 17500 shares of 5%, $10 par non-cumulative preferred stock. In 2019, Kingbird declared and paid dividends of $4900. In 2020, Kingbird declared and paid dividends of $24500. How much of the 2020 dividend was distributed to preferred shareholders?

Cheyenne Corp. has 8500 shares of 5%, $100 par value, cumulative preferred stock and 17000 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 $82450 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?

3) If $2950000 of bonds are issued during the year but $4720000 of old bonds are retired during the year, the statement of cash flows will show a(n)