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4 0 . XYZ Company, has 5 0 , 0 0 0 shares of $ 5 par value common stock and 3 , 0 0

40. XYZ Company, has 50,000 shares of $5 par value common stock and 3,000 shares of $50 par value 3% cumulative preferred stock outstanding. No dividends had been paid in either 2018 or 2019. XYZ Company is planning to pay a cash dividend in 2020. If the cash dividend is for $150,000 in total, how much will bereceived by common stockholders?OA. $100,000OB. $120,000OC. $125,000O D. $136,500

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