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Waterway Industries has outstanding 642000 shares of $2 par common stock and 127000 shares of no-par 6% preferred stock with a stated value of $5.

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Waterway Industries has outstanding 642000 shares of $2 par common stock and 127000 shares of no-par 6% preferred stock with a stated value of $5. Dividends have been paid in every year except the past two years and the current year, Assuming that $267000 will be distributed, and the preferred stockis cumulative and participatine how much will the common stockholders receive? $152649 5127630 5139370 $76200

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