Question: The shareholders' equity of Janeek Enterprises includes $291,900 of no par common stock and $560,800 of 6% noncumulative preferred stock. The board of directors

The shareholders' equity of Janeek Enterprises includes $291,900 of no par common

The shareholders' equity of Janeek Enterprises includes $291,900 of no par common stock and $560,800 of 6% noncumulative preferred stock. The board of directors declared cash dividends of $90,500 in 2016 after paying $30,400 cash dividends in 2015. What is the amount of dividends paid to preferred shareholders in 2016?

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