Laser Inc. has 1000 shares of 6% $50 par value cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31 2017 and December 31 2016. The board of directors declared and paid a $2500 dividend in 2016. In 2017 $12000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2017?

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The Answer of Laser Inc. has 1000 shares of 6% $50 par value cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31 2017 and December 31 2016. The board of directors declared and paid a $2500 dividend in 2016. In 2017 $12000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2017?

Laser Inc Has 1000 Shares of 6% $50 Par Value Cumulative