Dividends Review Question Berman Inc. has 6,000 shares of 8%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2013, and December 31, 2014. The board of directors declared and paid an $18,000 dividend in 2013. In 2014, $72,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2014? a. $42,000 $36,000 c. $30,000 d. $24,000 1-69 Review Question Nance Corporation's December 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 30,000 shares authorized; 15,000 shares issued $ 300,000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000 Paid-in capital in excess of par value - preferred stock Paid-in capital in excess of par value - common stock 27,000,000 Retained earnings Treasury stock (30,000 shares) 630,000 60,000 7,650,000 ce's total paid-in capital was b. C. d. $46,860,000 $47,490,000. $46,230,000 $27,060,000