Refer to Channing Company. Compute the total amount that will be paid to the holders of common stock.​

Preferred Stock

A class of stock that provides a specific dividend that is paid before any dividends are paid to common stock holders, and which typically has priority over common stock in the event of a liquidation.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of a company's profits and a right to vote on some corporate decisions.

Capital Stock

The total amount of stock that a company is authorized to issue, representing ownership in the company.