Given the following for the Titan Company; the company began operations on 1/1/1. Preferred Stock, 4%, Cumulative $10,00

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Given the following for the Titan Company; the company began
operations on 1/1/1. Preferred Stock, 4%, Cumulative $10,000 Common
Stock $20,000 Cash Dividends paid Year 1 $ 1,000 Year 2 $ 600 Year
3 $ 2,000 Year 3 Dividends received by the Common shareholders is:
Select one: a. $400 b. $800 c. $600 d. $1,200 e. $1,600