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Trusper Company was organized on January 1, Year 1 and has had 1,000 shares of $200 par value, 10% cumulative preferred stock outstanding and 3,000

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Trusper Company was organized on January 1, Year 1 and has had 1,000 shares of $200 par value, 10% cumulative preferred stock outstanding and 3,000 shares of $1 par value common stock outstanding since that time. Dividends have been declared and paid as follows: $15,000 in Year 1 and $75,000 during Year 2. What is the total amount of dividends that will be paid to common stockholders during Year 2? Answer is complete but not entirely correct. Common stock $ 55,000

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