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please show calculations thank you. Crane Company declared a $225000 cash dividend. It currently has 11000 shares of 4%, $100 par value cumulative preferred stock

please show calculations thank you.

Crane Company declared a $225000 cash dividend. It currently has 11000 shares of 4%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Crane distribute to the common stockholders?

$88000.

$181000.

$137000.

None.

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