On December 31, 2023, Contreras Corp. has 1,500 shares outstanding of $20 par value 6% preferred stock and 3,000 shares outstanding of $30 par value common stock.  The company did not pay out dividends in 2021 and 2022. As of December 31, 2023, the company will distribute $110,000 in dividends.  Contreras began operations January 1, 2021. How much will the preferred stockholders receive if the preferred stock is cumulative and fully participating. (round calculations to 4 decimal places)

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.