Assume the Following Shares Outstanding: (1)Preferred Shares,$3,cumulative,1,000 Shares with Dividends

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