Question: Please show work. Correct answer is given. Thanks 8. On December 31st, 2022 Czervik Construction had 60,000 shares of $50 par value common stock outstanding.

 Please show work. Correct answer is given. Thanks 8. On December

Please show work. Correct answer is given. Thanks

8. On December 31st, 2022 Czervik Construction had 60,000 shares of $50 par value common stock outstanding. On January 1st, 2020. Czervik issued 30,000 shares of $100 par value, 4% cumulative preferred stock. Czervik did not declare dividends in 2020. Czervik declared $220,000 of total dividends in 2021. Czervik declared $220,000 of total dividends in 2022. What was the amount of dividends received by common shareholders in 2022 ? $100,000 None of the other answers $160,000 $80,000 8. On December 31st, 2022 Czervik Construction had 60,000 shares of $50 par value common stock outstanding. On January 1st, 2020. Czervik issued 30,000 shares of $100 par value, 4% cumulative preferred stock. Czervik did not declare dividends in 2020. Czervik declared $220,000 of total dividends in 2021. Czervik declared $220,000 of total dividends in 2022. What was the amount of dividends received by common shareholders in 2022 ? $100,000 None of the other answers $160,000 $80,000

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