(Answered) Question - seashell corporation has 25000 shares

Accounting

Question - Seashell Corporation has 25,000 shares outstanding of 8%, $10 par value, cumulative preferred stock. In 2011 and 2012, no dividends were declared on preferred stock. In 2013, Seashell had a profitable year and decided to pay dividends to stockholders of both preferred and common stock. If Seashell has $200,000 available for dividends in 2013, how much could it pay to the common stockholders?

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