U-Bet Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2014. No dividends were declared in 2012 or 2013. If U-Bet wants to pay $375,000 of dividends in 2014, common stockholders will receive:

(a) $0.

(c) $215,000.

(b) $295,000.

(d) $135,000.

AppendixLO1