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Bramble, Inc., has 5300 shares of 5%, $100 par value, cumulative preferred stock and 42400 shares of $1 par value common stock outstanding from December
Bramble, Inc., has 5300 shares of 5%, $100 par value, cumulative preferred stock and 42400 shares of $1 par value common stock outstanding from December 31, 2018 through Dec. 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $46200 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?
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$12900
$0
$26500
$46200
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