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Rendezvous Inc. has 10000 shares of 5% $100 par value noncumulative preferred stock and 20000 shares of $1 par value common stock outstanding at December 31 2017. There were no dividends declared in 2016. The board of directors declares and pays a $110000 dividend in 2017. What is the amount of dividends received by the common stockholders in 2017?
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