Coronado Industries, has 16000 shares of 4%, $100 par value, cumulative preferred stock and 61000 shares…

Coronado Industries owns 16000 shares with a 4% par value and $100 market cap.
Cumulative preferred stock, 61000 common shares at $1 per value and cumulative preferred stock
Stock outstanding as of December 31, 2021 Dividends have not been paid
In 2019. In 2019, the board of Directors declares and pay a
In 2020, $108000 Dividend. What amount is this?
Common stockholders will receive dividends in 2021

$0

B

$24000

C

$108000

D

$64000
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