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Rendezvous, Inc. has 10,000 shares of 5%, $100 par value, noncumu-ative preferred stock and 20,000 shares of $1 par value common stock outstanding at December

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Rendezvous, Inc. has 10,000 shares of 5%, $100 par value, noncumu-ative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2016. The board of directors declares and pays a $110,000 dividend in 2017. What is the amount of dividends received by the common stockholders in 20172 $0 $50,000 $110,00o $60,000 ed MacBook Pro F6 FS

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