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Swifty Corporation has outstanding 599000 shares of $2 par common stock and 118000 shares of no par 5% preferred stock with a stated value of

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Swifty Corporation has outstanding 599000 shares of $2 par common stock and 118000 shares of no par 5% preferred stock with a stated value of Ss. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $235000 will be distributed as a dividend in the current year, how much will the common stockholders receive? O $205500 O $176000 Zero $146500

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