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Waterway, Inc. has 11500 shares of 3%, $100 par value, noncumulative preferred stock and 230000 shares of $1 par value common stock outstanding at December
Waterway, Inc. has 11500 shares of 3%, $100 par value, noncumulative preferred stock and 230000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $64700 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020 $64700 O $30200 O $0 O $34500
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