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Your Corporation has the following number of shares of stock outstanding: Cumulative Preferred stock, 5%. $100 par 3,000 shares Common stock,$10 par 10,000 shares It

Your Corporation has the following number of shares of stock outstanding: Cumulative Preferred stock, 5%. $100 par 3,000 shares Common stock,$10 par 10,000 shares It will distribute $69,000 to the two classes of stockholders this year. Counting the current year, the preferred stock is four years in arrears ( have not been paid). How much of the dividend will the preferred stockholders receive

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