Graceys Depwynent Sicres has \$214 000 of 5% noncumulathe, preferred stock oututanding Gcaceyr osso han \$6u4,000 of common stock outstanding During its frut year, the compony poid casti dividends of \$44,000. This amaend shoold be distributed os follows Muriple choce 50 brtemea $440000 osmon siogo0 protunnes: 533300 common 52.600 peferet, 52.460 comenon $4000 brituride 10 carmon. \$22.000 prewent 527,009 conner