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Bannon Corporation has 100 shares of $47 par, 7% cumulative preferred stock and 2,900 shares of 17 par common stock. Bannon paid $19,000 in cash

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Bannon Corporation has 100 shares of $47 par, 7% cumulative preferred stock and 2,900 shares of 17 par common stock. Bannon paid $19,000 in cash dividends including one- year dividends in arrears to preferred stockholders. Common stockholders will receive: (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) $0. $658 $329 O $18,342

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