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The shareholder's equity of Red Corporation includes $ 2 0 0 , 0 0 0 of $ 1 par common stock and $ 4 0

The shareholder's equity of Red Corporation includes $200,000 of $1 par common stock and $400.000 par of 6% cumulative preferred stock. The board of directors of Red declared cash dividends of $50,000 in 2018 after paying $20.000 cash dividends in 2017 and 540,000 in 2016. What is the amount of dividends common shareholders will receive in 2018?

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