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Sunland, Inc. has 2200 shares of 4%, $50 par value, cumulative preferred stock and 44000 shares of $1 par value common stock outstanding at December

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Sunland, Inc. has 2200 shares of 4%, $50 par value, cumulative preferred stock and 44000 shares of $1 par value common stock outstanding at December 31, 2017, and December 31, 2018. The board of directors declared and paid a $2200 dividend in 2017. In 2018, $18600 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2018? Preferred Common $12000 $6600 $4400 $14200 $6600 $12000 $9300 $9300 Sunland Corporation's December 31, 2018 balance sheet showed the following: $ 170000 10750000 9% preferred stock, $20 par value, cumulative, 11000 shares authorized; 8500 shares issued Common stock. $10 par value. 1100000 shares authorized: 1075000 shares issued, 1060000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (15400 shares) 29300 13560000 3740000 329000 Sunland declared and paid a 558600 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $9900, Sunland's common stockholders received $33400. Treasury stock (15400 shares) 329000 Sunland declared and paid a $58600 cash dividend on December 15, 2018. If the company's dividends in arrears prior to that date were $9900, Sunland's common stockholders received O $33400 O $48700 O $19400. O no dividend

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