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Watson, Inc. has 10,000 shares of 4%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December
Watson, Inc. has 10,000 shares of 4%, $100 par value, cumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2022. Watson had declared and paid all preferred dividends in every year through 2020, but did not declare or pay any dividends in 2021. In 2022, the board of directors declares and pays $90,000 in total dividends. What is the amount of dividends received by the common stockholders in 2022?
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