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Beckham Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock and 10,000 shares of $10 par value common stock outstanding during its

Beckham Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $6,500: 20X5, $0; 20x6, $65,000: 20X7, $30,000; 20x8, $15,000. The amount of dividends the common stockholders received during 20x4 was

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