A companys stockholders equity section consisted of 50,000 shares of 4%,$50 par cumulative preferred stock outstanding

and 150,000 shares of $1 par common stock outstanding. The company has declared and paid dividends as follows:

2006: $35,000; 2007: $0; 2008: $75,000; 2009:$300,000. Determine the amount of dividend paid to Common Stockholders in

2009.

a. $0

b. $10,000

c. $175,000

d. $200,000

Please explain how you determined your answer.