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The outstanding shares of Halverstein Company consist of 7,000 5% cumulative preferred shares with a par value of $10 and 3,000 common shares with a

The outstanding shares of Halverstein Company consist of 7,000 5% cumulative preferred shares with a par value of $10 and 3,000 common shares with a par value of $1. During the first three years of operation, the corporation declared and paid the following total cash dividends. 


  1. Year           Dividend Declared 

  2. 2015                 $0 

  3. 2016              $6,000 

  4. 2017              $32,000


What is the amount of dividends paid to preferred and common stockholders in 2016 ?

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