a. $12,000 b. $10,000 c. $28,000 d. $20,000

Plano Inc., has 4,000 shares of 5%, S 50 par value, cumulative preferred stock and 100,000 shares Of Sl parvaluecommon stockoutstanding at December 31, 2018, and December 31, 2017. The board of directors declared and paid an S 8,000 dividend in 2017. In 2018, S40,OOO of dividends are declared and paid. What are thedividends received by the common Stockholders in 2018? a. $12,000 o O b.SIO,OOO c. $28,000 o O d. S20,ooo