A corporation has $10,000$ shares of $8\%,$ $$100$ par value, cumulative preferred stock outstanding since its inception. No dividends were declared in the first two years of business. The company declares and pays $$375,000$ of dividends in its third year. How much of the third year's dividend will be paid to common stockholders?

Group of answer choices

$$135,000$

$$0$

$$155,000$

$$215,000$

$$295,000$

Next