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Concord Corporation has 143000 shares of $10 par value common stock and 71500 shares of $10 par value, 5%, cumulative, participating preferred stock outstanding. Dividends

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Concord Corporation has 143000 shares of $10 par value common stock and 71500 shares of $10 par value, 5%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Concord wishes to distribute $260000 as dividends, the common stockholders will receive $ 71500. O $188500. $149435. $110565

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