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Manner, Inc. has 5000 shares of 6%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December

Manner, Inc. has 5000 shares of 6%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2016. There were no dividends declared in 2015. The board of directors declares and pays a $55,000 dividend in 2016. What is the amount of dividends received by the common stockholders in 2016?

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