2 pts Question 10 Lafayette, Inc. was incorporated on January 1, 2014. Lafayette issued 5,000 shares of common stock and 700 shares of preferred stock on that date. The preferred stock is cumulative, $100 par, with an 10% dividend rate. Lafayette has not paid any dividends yet. In 2017, Lafayette had its first profitable year, and on November 1, 2017, Lafayette declared a total dividend of $40,000. What is the total amount that will be paid to common stockholders? $40.000 $28,000 @ $7.000 $12.000