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The shareholders' equity of Williamson Co . includes $ 2 0 0 , 0 0 0 of $ 1 par common stock and $ 3

The shareholders' equity of Williamson Co. includes $200,000 of $1 par common stock and $300,000 par value of 5% cumulative preferred stock. The board of directors declared cash dividends of $50,000 in 2021 after paying $10,000 cash dividends in 2020 and $30,000 in 2019. What is the amount of dividends common shareholders will receive in 2021?

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