help On December 31,2020 , Adelphi Corporation has outstanding 1,000 shares...
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On December 31,2020 , Adelphi Corporation has outstanding 1,000 shares of $100 par value, 4% cumulative and nonparticipating preferred stock, and 15,000 shares of $10 par value common stock. Preferred dividends were paid in 2018 but were not paid in 2019. During 2020, Alpha distributed $45,000 in dividends. Use this information to determine for 2020 the dollar amount of dividends that will be distributed per Common Share. Round answer to closest cent
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