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Ariel's Aquatics has two kinds of stock: a standard, $0.6 par common stock, and a 10%, $20 par cumulative preferred stock. They have had outstanding
Ariel's Aquatics has two kinds of stock: a standard, $0.6 par common stock, and a 10%, $20 par cumulative preferred stock. They have had outstanding 1,000 common stock and outstanding 500 preferred stock since incorporating in 2010. In 2013, the company pays the preferred dividends in full. They then do not pay dividends in 2014, 2015, 2016, or 2017. In 2018, the company finally decides to pay $49,176 in dividends. How much will the common shareholders receive in dividends in 2019 (total, not per share)
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