Business, 31.05.2020 00:01, clairee002

Sheridan Company has 5600 shares of 6%, $50 par value, cumulative preferred stock and 112000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of directors declared and paid a $12500 dividend in 2019. In 2020, $62500 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020?

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Sheridan Company has 5600 shares of 6%, $50 par value, cumulative preferred stock and 112000 shares...