A corporations December 31, 2021 balance sheet showed the following:

8% preferred stock, $20 par value, cumulative,

40,000 shares authorized; 20,000 shares issued $ 400,000

Common stock, $10 par value, 4,000,000 shares authorized;

2,600,000 shares issued, 2,560,000 shares outstanding 26,000,000

Paid-in capital in excess of par value preferred stock 80,000

Paid-in capital in excess of par value common stock 36,000,000

Retained earnings 10,200,000

Treasury stock (30,000 shares) 840,000

The corporation declared and paid a $100,000 cash dividend on December 15, 2021. If the companys dividends in arrears prior to that date were $32,000, the corporations common stockholders would receive

Group of answer choices

$76,000.

no dividend.

$36,000.

$44,000.

$40,000.