Blue Spruce Corp. has 15000 shares of 5%, $100 par value, cumulative preferred stock and 30000 shares of $1 par value common stock outstanding at December 31, 2020.
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Blue Spruce Corp. has 15000 shares of 5%, $100 par value, cumulative preferred stock and 30000 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 $135000 dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?
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