ll alfa 3G 10:17 am requireu Wissam Company was established on January 1, 2017. The Company issued 10,000 shares of common stock and 2,000 shares of preferred stock on that date. The preferred shares...

Extracted text: ll alfa 3G 10:17 am requireu Wissam Company was established on January 1, 2017. The Company issued 10,000 shares of common stock and 2,000 shares of preferred stock on that date. The preferred shares are cumulative, $100 par, with a 6% dividend rate. 2018 was the first profitable year of the company in which it declared a total cash dividend of $34,000 on December 31, payable on January 20, 2019.


Extracted text: The total amount of cash dividends that will be paid to common shareholders is: * $22,000 $20,000 $10,000 $0 None of the above