Moe Corporation pays its cumulative preferred stock $2.10 per share. There are 30,000 shares of preferred and 80,000 shares of common. In 2014, 2015, and 2016 no dividends were paid. Now, in 2017, $600,000 was declared. How much did each class of stock receive?

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The Answer of Moe Corporation pays its cumulative preferred stock $2.10 per share. There are 30,000 shares of preferred and 80,000 shares of common. In 2014, 2015, and 2016 no dividends were paid. Now, in 2017, $600,000 was declared. How much did each class of stock receive?

Moe Corporation Pays Its Cumulative Preferred Stock $2