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18 2 pts As of December 31, 2018, Mike Raffone Corporation has outstanding 10,000 shares of $80 par, 6%, non-cummulative preferred stock and 50,000 shares

18 2 pts As of December 31, 2018, Mike Raffone Corporation has outstanding 10,000 shares of $80 par, 6%, non-cummulative preferred stock and 50,000 shares of $5 par common stock. A dividend of $90,000 is declared. What is the amount of dividends to be paid to the common stock holders? $90,000 $0 $42,000 $48,000image text in transcribed

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