Nance Corporation's December 31, 2014 Balance Sheet Showed the Following

Multiple Choice

Nance Corporation's December 31, 2014 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, Nance declared and paid a $75,000 cash dividend on December 15, 2014. If the company's dividends in arrears prior to that date were $18,000, Nance's common stockholders received

A) $57,000.
B) $27,000.
C) $33,000.
D) no dividend.