Curtain Co. paid dividends of $12,000, $17,000, and $18,000 during Year 1, Year 2, and Year 3, respectively. The company had 2300 shares of 6.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?
A. $5000
B. $14,950
C. $2150
D. $2950
Answer: C
Business
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