1. A company has the following paid-in capital: Preferred stock, 6%,$5 par value, 100,000 shares authorized, 20,000 shares issued and outstanding: Common stock, $9 par value, 300,000 shares authorized, 110,000 shares issued and outstanding: If the company pays a $35,000 dividend, and the preferred stock in non cumulative, what is the amount the common stockholders will reccive? 1. $29,000 2. $6,000 3.$12,000 4.$35,000