Question: please show work Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%,$100 par value cumulative preferred stock outstanding. It is

please show work Colson Inc. declared a $320,000 cash dividend. It currently please show work

Colson Inc. declared a $320,000 cash dividend. It currently has 12,000 shares of 7%,$100 par value cumulative preferred stock outstanding. It is two years in arrears on its preferred stock. How much cash will Colson distribute to the common stockholders? a. $152,000. b. $68,000. c. $136,000. d. None

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