*63. Yates, Inc. has 40,000 shares of $10 par value common stock and 20,000 shares of $10 par value, 6%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Yates wishes to distribute $108,000 as dividends, the common stockholders will receive a. $24,000. b. $44,000. C. $64,000. d. $84,000