Question
Kingbird, Inc.s December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative, 30000 shares authorized; 17000 shares issued $ 170000
Kingbird, Inc.s December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative, 30000 shares authorized; 17000 shares issued $ 170000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19900000 Paid-in capital in excess of par value - preferred stock 73000 Paid-in capital in excess of par value - common stock 27600000 Retained earnings 9750000 Treasury stock (30,000 shares) 616000 Kingbird declared and paid a $81100 cash dividend on December 15, 2020. If the companys dividends in arrears prior to that date were $27400, Kingbird's common stockholders received?
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