Given the following for the Titan Company; the company began operations on 1/1/1. Preferred Stock, 4%, Cumulative$10,000 Common Stock $20,000 Cash Dividends paid

Year 1$1,000

Year 2 $600

Year 3 $2,000

Year 3 Dividends received by the Common shareholders is:

Select one: a. $400 b. $800 c. $600 d. $1,200 e. $1,600

i need the solution for this please!