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 is the amount of dividends that the common stockholders receive for all years presented?

A) $177,000
B) $276,000
C) $214,250
D) $326,000
E) $287,750