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M. Waterway Corporation has 12,000 shares of B%,$100 par value, cumulative preferred stock otstanding at December 31,2022. No dividends were declared in 2020 or 2021

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M. Waterway Corporation has 12,000 shares of B%,$100 par value, cumulative preferred stock otstanding at December 31,2022. No dividends were declared in 2020 or 2021 . If M. Waterway wants to pay $420.000 of dividends in 2022, what amount of dividends will common stockholders receive? Amount of dividend

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