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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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