What was the amount of dividends received


Beckham Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 20x4, $30,000; 20x5, $0; 20x6, $65,000; 20x7, $30,000; 20x8, $15,000.what was the amount of dividends received by the common stockholders during 20x7 ?

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Accounting Basics: What was the amount of dividends received
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