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Eric, Inc., has 15,000 shares of 5%, $100 par value, cumulative preferred stock and 60,000 shares of $1 par value common stock outstanding at December

Eric, Inc., has 15,000 shares of 5%, $100 par value, cumulative preferred stock and 60,000 shares of $1 par value common stock outstanding at December 31, 2019. There were no dividends declared in 2017. The board of directors declares and pays a $140,000 dividend in 2018 and in 2019. What is the amount of dividends received by the common stockholders in 2019?

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