Pina Colada Corp. has 13500 shares of 5 %, $ 100 par value, cumulative preferred stock and

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Question:

Pina Colada Corp. has 13500 shares of 5%, $100 par value, cumulative preferred stock and 27000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $130950 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?

$0.

$63450.

$67500.

$59400.