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Business, 06.05.2020 02:31 jacquelinegonz

Mathelesea Corporation has 8,000 shares of 5%, $5 par cumulative preferred stock and 46,000 shares of common stock outstanding. Mathelsea declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018%E2%80%8B, Mathelsea declares a total dividend of $53,000. How much of the dividends go to the common%E2%80%8B stockholders? A. $ 49 comma 000$49,000 B. $ 51 comma 000$51,000 C. $ 53 comma 000$53,000 D. %E2%80%8BNone; it all goes to preferred stockholders

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