Sunland Company declared a $226000 cash dividend. It currently has 113


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Sunland Company declared a $226000 cash dividend. It currently has 11300 shares of 4%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Sunland distribute to the common stockholder

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Sunland Company declared a $226000 cash dividend. It currently has
11300 shares of 4%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Sunland distribute to the common stockholders?

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