38. Bill's Fruit Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Bill's Fruit Corporation paid cash dividends as follows: 2013, $30,000; 2014, $0; 2015, $65,000; 2016, $30,000; 2017, $15,000. The amount of dividends received by the common stockholders during 2017 is: a. $15,000 b. $46,500 C. $0 d. $18,500

38. Bill's Fruit Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Bill's Fruit Corporation paid cash dividends as follows: 2013,$30,000;2014,$0;2015,$65,000;2016, $30,000;2017,$15,000. The amount of dividends received by the common stockholders during 2017 is: a. $15,000 b. $46,500 c. $0 d. $18,500