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What is amount of dividends received by common stockholder

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Question 1: Bramble Corp., has 16200 shares of 4%, $100 par value, cumulative preferred stock and 61600 shares of $1 par value common stock outstanding at December 31, 2018. There were no dividends declared in 2016. The board of directors declares and pays a $109000 dividend in 2017 and in 2018. What is the amount of dividends received by the common stockholders in 2018?

Option 1: $23600

Option 2: $109000

Option 3: $64800

Option 4: $0

Reference no: EM132588465

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