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Cloud Company has 5 , 0 0 0 shares of 6 % , $ 2 0 par value cumulative preferred stock and 8 , 0

Cloud Company has 5,000 shares of 6%, $20 par value cumulative preferred stock and 8,000 shares of $10 par value common stock outstanding. Cloud paid no dividends in Year 1 or Year 2. In Year 3, Cloud paid $30,000 of cash dividends. What was the amount of dividends paid to common stockholders?

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