A company has the following paid-in capital:

Preferred stock, 6%, $5 par value, 100,000 shares authorized, 20,000 shares issued and outstanding	$500,000
Common stock, $9 par value, 300,000 shares authorized, 110,000 shares issued and outstanding	$990,000

Use the information above to answer the following question. If the company pays a $15,000 dividend and the preferred stock is noncumulative, what is the amount the common stockholders will receive?

$15,000

$9,900

$9,000