13. Sheridan, Inc. has 25,000 shares of 7%, $100 par value, non-cumulative preferred stock and 48,200 shares of Si par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $244,000 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018? a. SO b. $69,000 c. $175,000 d. $244,000 14. Cork Inc. declared a $160,000 cash dividend. It currently has 6,000 shares of 6%, $100 par value cumulative preferred stock outstanding. It is two years in arrears on its preferred stock, How much cash will Cork distribute to the common stockholders? a. $124,000 b. $88,000. c. $72,000. d. $52,000