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Sharpie Inc has the following stock issued and outstanding 100,000 shares of $1 par value common stock, which were issued for $3 per share 25,000

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Sharpie Inc has the following stock issued and outstanding 100,000 shares of $1 par value common stock, which were issued for $3 per share 25,000 shares of $5 par value 8% cumulative preferred stock, which were issued for $150,000 In year 1, Sharpie does not pay a dividend. In year 2, Sharpie pays a dividend of $25,000 How much of the dividend is paid to common shareholders? 25,000 15,000 5,000 0

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