Coronado Industries has outstanding 590000 shares of $2 par common stock and 113000 shares of no-par 6% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $215000 will be distributed as a dividend in the current year, how much will the common stockholders receive? $113300 $181100 $147200 $0

Coronado Industries has outstanding 590000 shares of $2 par common stock and 113000 shares of no-par 6% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $215000 will be distributed as a dividend in the current year, how much will the common stockholders receive? $113300$181100$147200 $0 Coronado Industries has outstanding 590000 shares of $2 par common stock and 113000 shares of no-par 6% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $215000 will be distributed as a dividend in the current year, how much will the common stockholders receive? $113300$181100$147200 $0