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Business, 11.03.2020 23:59 hero70

Sheffield Corp., has 5000 shares of 5%, $50 par value, cumulative preferred stock and 100000 shares of $1 par value common stock outstanding at December 31, 2018, and December 31, 2017. The board of directors declared and paid an $8300 dividend in 2017. In 2018, $37300 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2018?

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