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McNabb Corp. had $180,000 of 7%, $20 par value preferred stock and 11,000 shares of $25 par value common stock outstanding throughout 2019. Assuming that
McNabb Corp. had $180,000 of 7%, $20 par value preferred stock and 11,000 shares of $25 par value common stock outstanding throughout 2019. Assuming that total dividends declared in 2019 were $70,000, and that the preferred stock is not cumulative but is fully participating, preferred stockholders should recieve additional participating 2019 dividends of what amount?
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