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The charter of Dandridge Restaurants provides for the issuance of preferred and common stock. The preferred stock is $100 par. 54, cumulative 60.000 shares of

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The charter of Dandridge Restaurants provides for the issuance of preferred and common stock. The preferred stock is $100 par. 54, cumulative 60.000 shares of preferred stock are issued and outstanding. The company also has 200,000 shares of common stock issued and outstanding with a par value of $5 per share. The company has paid dividends without fail for the past 20 years. Due to unprecedented conditions caused by the COVID-19 pandemic, the company suffered massive losses, and announced that it would not pay dividends in 2020 for its fiscal year ended 8/31/2020. For fiscal year 2021, the company rebounded and the board of directors agreed with the CFO that the company should pay the same total amount of dividends that were paid before the pandemic. The total dividends paid in fiscal year 2019 totaled $1.500,000. Common stockholders received $1,200,000 in 2019. How much will common stockholders receive in 20219

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