A corporation's December 31, 2021 balance sheet showed the following: 6% preferred stock, $50 par value, cumulative, $ 600,000 30,000 shares authorized; 12,000 shares issued Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000 Paid-in capital in excess of par value - preferred stock 60,000 Paid-in capital in excess of par value - common stock 27,000,000 Retained earnings 7,650,000 Treasury stock (30,000 shares) 630,000 The corporation declared and paid a $100,000 cash dividend on December 15, 2021. If the company's dividends in arrears prior to that date were $48,000, the corporation's common stockholders would receive $64,000 $32,000 $16,000 $52,000 O $0