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Bramble Corp. s December 31, 2020 balance sheet showed the following: 6 % preferred stock, $ 20 par value, cumulative, 35000 shares authorized; 21000 shares

Bramble Corp.’s December 31, 2020 balance sheet showed the following:

6% preferred stock, $20 par value, cumulative,


     35000 shares authorized; 21000 shares issued

$ 420000 

Common stock, $10 par value, 3,000,000 shares authorized;


     1,950,000 shares issued, 1,920,000 shares outstanding

19800000

Paid-in capital in excess of par value - preferred stock

54000

Paid-in capital in excess of par value - common stock

27600000

Retained earnings

9550000

Treasury stock (30,000 shares)

665000

Bramble declared and paid a $82100 cash dividend on December 15, 2020. If the company’s dividends in arrears prior to that date were $20800, Bramble's common stockholders received





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