Shea Company Ltd. has issued 100,000 \(6 \%, \$ 50\) stated value, cumulative preferred shares. In 2017, no dividends were declared on preferred shares. In 2018, Shea had a profitable year and decided to pay dividends to shareholders of both preferred and common shares. If Shea has \(\$ 750,000\) available for dividends in 2018 , how much can it pay to the common shareholders?

a. \(\$ 0\)

b. \(\$ 150,000\)

c. \(\$ 450,000\)

d. \(\$ 750,000\)