Glenmont, Inc. has 6,000 shares of 8%, $3 par, cumulative preferred stock outstanding as well as...

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Glenmont, Inc. has 6,000 shares of 8%, $3 par, cumulative preferred stock outstanding as well as 17,000 shares of $2 par common stock outstanding since it was incorporated. During the first, second, and third years of operation, $1,000, $700, and $4,600 in dividends, respectively, were paid. The dividends paid to the common stockholders in year three amounted to: $ Glenmont, Inc. has 6,000 shares of 8%, $3 par, cumulative preferred stock outstanding as well as 17,000 shares of $2 par common stock outstanding since it was incorporated. During the first, second, and third years of operation, $1,000, $700, and $4,600 in dividends, respectively, were paid. The dividends paid to the common stockholders in year three amounted to: $