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Nadal Inc. has 164,000 shares of $10 par value common stock and 41,000 shares of $10 par value 4% cumulative, participating preferred stock outstanding. Dividends

Nadal Inc. has 164,000 shares of $10 par value common stock and 41,000 shares of $10 par value 4% cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Nadal will be distributing $275000 in dividends. What amount of dividends will the common stockholders receive?

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