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Baylor Company has 2,000 shares of $50 par value, 8% noncumulative preferred stock outstanding. Baylor...

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Accounting

Baylor Company has 2,000 shares of $50 par value, 8% noncumulative preferred stock outstanding. Baylor Company also has $500,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, Baylor Company paid cash dividends of $30,000. In the second year the common stockholders should receive: (When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as

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