850 shares of $100 par value, 12% preferred stock and 9200 shares of $10 par valie common stock outstanding. the preferred stock is cumulative and nonparticipating. dividends were paid in 2013. since 2013 dividends were declared and paid as follows: 2014-0 2015- 11,100 2016- 23,300 2017- 28700

declared and paid dividends as follows