Yamhill,Inc

Multiple Choice

Yamhill,Inc.began on January 1,2016 by issuing 200,000 shares of $1 par value common stock and 2,000 shares of $100 par value,5%,cumulative preferred stock.No dividends were declared in 2016 or 2017.In 2018,Yamhill declared and paid the preferred stockholders and a $0.50 dividend to its common stockholders.Assuming all shares originally issued are outstanding,the total dividend declared and paid in 2018 equals:

A) $130,000.
B) $101,000.
C) $110,000.
D) $100,000.