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On Jan 2, 2015 Porter Corporation issued 30,000 shares of 5% cumulative preferred stock at 100 par value. On December 31,2018, Porter Corporation declared and

On Jan 2, 2015 Porter Corporation issued 30,000 shares of 5% cumulative preferred stock at 100 par value. On December 31,2018, Porter Corporation declared and paid its first dividend. What are the preferred stockholders entitled to receive in the current year before any distribution is made to common stock? 0,150,000,450,000 or 600,000

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