192 193 194 On October 1, 2020 Devons Compnay declared a $2 per share cash dividend on common stock. Number of shares of $1 par common stock issued and outstanding 25,000 Number of shares of $100 par 3% cumulative preferred stock outstanding 3,000 did not pay dividends in 2018 or 2019 195 196 The company 198 What amount of dividends must the company pay the preferred shareholders in 2020 if they wish to pay the common stockholders a dividend? 199 200 201 Annual preferred dividend 202