Sheridan declared and paid a $57900 cash dividend on December 15, 2018. If the companys dividends in arrears prior to that date were $10100, Sheridans common stockholders received

Question 55 Sheridan Corporation's December 31, 2018 balance sheet showed the following: $ 150000 8750000 8% preferred stock, $20 par value, cumulative, 10000 shares authorized; 7500 shares issued Common stock, $10 par value, 900000 shares authorized; 875000 shares issued, 860000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (14500 shares) 31200 13550000 3720000 318000 Sheridan declared and paid a $57900 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $10100, Sheridan's common stockholders received O $47800. $21800. $35800 no dividend