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Bodkin, Inc. has 7,000 shares of 5% $120 par value, noncumulative preferred stock and 50,000 shares of 51 par value common stock outstanding at December

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Bodkin, Inc. has 7,000 shares of 5% $120 par value, noncumulative preferred stock and 50,000 shares of 51 par value common stock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid a $25,000 dividend in 2019. In 2020, 565,000 of dividends are declared and paid. Calculate the dividends received by the common stock shareholders in 2020

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