12. Coronado Industries has outstanding 587000 shares of $2 par common stock and 126000 shares of no-par 6% preferred stock with a stated value of $5. Dividends have been paid in every year except the past two years and the current year. Assuming that $270000 will be distributed, and the preferred stock is cumulative and participating, how much will the common stockholders receive?

$156671.

$126557.

$143443.

$ 75600.