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The shareholders' equity of Red Corporation includes $220,000 of S1 par common stock and $420,000 par of 5% cumulative preferred stock. The board of directors

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The shareholders' equity of Red Corporation includes $220,000 of S1 par common stock and $420,000 par of 5% cumulative preferred stock. The board of directors of Red declared cash dividends of $52,000 in 2021 after paying $22,000 cash dividends in 2020 and $42,000 in 2019. What is the amount of dividends common shareholders will receive in 2021? Multiple Choice $26,800. $28,400 $23.600. $20,400

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