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M.Concord Corporation has 12,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or

M.Concord Corporation has 12,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Concord wants to pay $350,000 of dividends in 2020, what amount of dividends will common stockholders receive? Amount of dividend $

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