Berman Inc.has 6000 shares of 6% $50 par value cumulative preferred stock and 50000 shares of $1 par value common stock outstanding at December 31 2021 and December 31 2022.The board of directors declared and paid a $12000 dividend in 2021.In 2022 $72000 of dividends are declared and paid.What are the dividends received by the common stockholders in 2022?

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The preferred stock dividend is 6% of $50 par value, which is $3 per share. With 6000 shares, the annual preferred dividend is $18,000. In 2021, only $12,000 was paid, leaving $6,000 in arrears. In 2022, $18,000 is due for the current year, plus the $6,000 in arrears, totaling $24,000 for preferred dividends. The remaining $72,000 - $24,000 = $48,000 is for common stockholders.