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Business, 12.12.2019 00:31 katelynamber10

Colorful, inc. was incorporated on january 1, 2016. colorful issued 15,000 shares of common stock and 800 shares of preferred stock on that date. the preferred stock is cumulative, $100 par, with a 12% dividend rate. colorful has not paid any dividends yet. in 2019, colorful had its first profitable year, and on november 1, 2019, colorful declared a total dividend of $44,000. what is the total amount that will be paid to common stockholders?

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