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38) Health & Wellness Corporation has had 8,500 shares of $2.00 preferred shares outstanding as well as 30,000 common shares issued at $10 outstanding since

38) Health & Wellness Corporation has had 8,500 shares of $2.00 preferred shares outstanding as well as 30,000 common shares issued at $10 outstanding since it was incorporated. During the first, second, and third years of operations, $15,000, $18,000, and $50,000 in dividends, respectively, were paid. The dividends paid to the common shareholders of Health & Wellness Corporation in year three amounted to:

A) $0

B) $15,500

C) $33,000

D) cannot be determined from the given information

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