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Sheffield Corp., has 5000 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December
Sheffield Corp., has 5000 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31, 2021, and December 31, 2020. The board of directors declared and paid an $8300 dividend in 2020. In 2021, $37300 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2021? O $25000 O $33300 $16700 $12500
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