Supreme Foods Corporation has 2,000 shares of 6%, $50 par value, cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2012 and December 31, 2011. In 2011 a $5,000 dividend was declared and paid. In 2012, $32,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2012?

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The Answer of Supreme Foods Corporation has 2,000 shares of 6%, $50 par value, cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2012 and December 31, 2011. In 2011 a $5,000 dividend was declared and paid. In 2012, $32,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2012?

Supreme Foods Corporation Has 2,000 Shares of 6%, $50 Par