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Crane Company, has 5000 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December
Crane Company, has 5000 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31, 2018, and December 31, 2017. The board of directors declared and paid an $8200 dividend in 2017. In 2018, $41800 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2018?
$16800
$33200
$25000
$12500
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