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Curtain Co. paid dividends of $6,000, $8,000, and $8,900 during Year 1, Year 2, and Year 3, respectively. The company had 1,800 shares of 4.0%,
Curtain Co. paid dividends of $6,000, $8,000, and $8,900 during Year 1, Year 2, and Year 3, respectively. The company had 1,800 shares of 4.0%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?
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