Current Attempt in Progress

Concord, Inc. has $11600$ shares of $4\%,$ $$100$ par value, noncumulative preferred stock

and $23200$ shares of $$1$ par value common stock outstanding at December $31,2020.$

There were no dividends declared in $2019.$ The board of directors declares and pays a

$$64400$ dividend in $2020.$ What is the amount of dividends received by the common

stockholders in $2020?$

$$0$

$$46400$

$$64400$

$$18000$