Q59. Waterway Inc., has 1100 shares of 5%, $50 par value, cumulative preferred stock and 50615 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2021. The board of directors declared and paid a $3200 dividend in 2020. In 2021, $10200 of dividends are declared and paid. What are the dividends received by the common stockholders in 2021?

Options:

$7900

$5950

$2750

$4700

Q62. Sunland Company purchased treasury stock with a cost of $15700 during 2020. During the year, the company paid dividends

of $20800 and issued bonds payable for proceeds of $865000. Cash flows from financing activities for 2020 total

Options:

$844200 net cash inflow.

$828500 net cash inflow.

$865000 net cash outflow.

$859900 net cash inflow.