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Stonework Company's outstanding stock is 80 shares of $100, 6% cumulative preferred stock and 2,000 shares of $12 par common stock. Stonework paid $2,100 in
Stonework Company's outstanding stock is 80 shares of $100, 6% cumulative preferred stock and 2,000 shares of $12 par common stock. Stonework paid $2,100 in cash dividends including oneyear dividends in arrears to preferred stockholders. Common stockholders received:
A. $1,620
B. $0
C. $1,140
D. $1,440
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