Assume the Following Shares Outstanding: (1) Preferred Shares, $3, Cumulative

Multiple Choice

Assume the following shares outstanding: (1) Preferred shares, $3, cumulative, 1,000 shares with dividends in arrears 3 years, for 20A, 20B, and 20C.
(2) Common shares, 2,000 shares.
Total dividends declared in 20D were $30,000. What is the total amount of dividends to which common shareholders are entitled?

A) $27,000
B) $21,000
C) $30,000
D) $18,000