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Pamela Company has the following stock outstanding on December 31, 2011: (a) Preferred Stock (8 percent cumulative, $10 par, 25,000 shares authorized; 10,000 shares issued

Pamela Company has the following stock outstanding on December 31, 2011: (a) Preferred Stock (8 percent cumulative, $10 par, 25,000 shares authorized; 10,000 shares issued and outstanding) $100,000 (b) Common Stock ($7 par, 250,000 shares authorized, 120,000 shares issued and outstanding) 840,000 Pamela did not pay any dividends in 2009. In 2010, they paid total dividends of $10,000, and in 2011, they paid total dividends of $20,000. How much dividends will be paid to common stockholders in 2011

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