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M. Waterway Corporation has 16,000 shares of 9%,$100 par value, cumulative preferred stock outstanding at December 31,2022. No dividends were declared in 2020 or 2021

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M. Waterway Corporation has 16,000 shares of 9%,$100 par value, cumulative preferred stock outstanding at December 31,2022. No dividends were declared in 2020 or 2021 . If M. Waterway wants to pay $470,000 of dividends in 2022 , what amount of dividends will common stockholders receive? Amount of dividend

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