Science Co. has 10,000 shares of 6% $100 par value, accumulative preferred stock outstanding. Each $100 share pays a @6 dividend (.06X $100). The annual dividend is $60,000 (10,000 x $6 per share). If...

Science Co. has 10,000 shares of 6% $100 par value, accumulative preferred stock outstanding. Each $100 share pays a @6 dividend (.06X $100). The annual dividend is $60,000 (10,000 x $6 per share). If dividends have not been paid in two years, and the company pays a total dividend (to all stockholders)of $500,000 in the third  year, common stockholders are entitled to receive.