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The balance sheet of Julus Inc. includes $350,000 of $1 par common stock and $550,000 par...

The balance sheet of Julus Inc. includes $350,000 of $1 par common stock and $550,000 par of 7% cumulative preferred stock. Julus declared cash dividends of $65,000 in 2021 after paying $35,000 cash dividends in 2020 and $55,000 in 2019. How much in dividends will common shareholders get in 2021?

Multiple Choice

  • $26,500.

  • $42,000.

  • $23,000.

  • $19,500.

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