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Pharoah Company has 17000 shares of 5% , $100 par value, cumulative preferred stock and 34000 shares of $1 par value common stock outstanding at
Pharoah Company has 17000 shares of 5% , $100 par value, cumulative preferred stock and 34000 shares of $1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2015. The board of directors declares and pays a $153000 dividend in 2016 and in 2017. What is the amount of dividends received by the common stockholders in 20177 $85000. Oso. $68000. $51000
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