A Company's Outstanding Stock Consists of (A) 17,000 Shares of Noncumulative

Multiple Choice

A company's outstanding stock consists of (a) 17,000 shares of noncumulative 7.5% preferred stock with a $10 par value and (b) 42,500 shares of common stock with a $1 par value.During its first four years of operation,the corporation declared and paid the following total cash dividends:
-What amount of dividends will common stockholders receive in 2014?

A) $26,725
B) $15,250
C) $2,500
D) $0
E) $28,000