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wifty, Inc. has 1600 shares of 4%, $50 par value, cumulative preferred stock and 32000 shares of $1 par value common stock outstanding at December
wifty, Inc. has 1600 shares of 4%, $50 par value, cumulative preferred stock and 32000 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2018. The board of directors declared and paid a $3800 dividend in 2019. In 2020, $18600 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2020?
PreferredCommon
$2600$16000
$3200$15400
$16000$2600
$9300$9300
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