Question 28 Sheridan, Inc. has 25000 shares of 7%, $100 par value, noncumulative preferred stock and 48200 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2017. The board of directors declares and pays a $244000 dividend in 2018. What is the amount of dividends received by the common stockholders in 2018? $0 O $69000 O $175000 $244000 Question Attempts: 0 of 1 used