7 Tonino Company has 1900 shares of $50 par value, 55% cumulative and nonparticipating preferred stock and 19,000 shares of 510 par value common stock outstanding. The company paid total cash dividends of 55.000 in its trst year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is 20 Muludle Chic 35225 55.000 110450 o 1225 $5450