A corporation's year-end balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 30,000 shares authorized; 15,000 shares issued Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding $ 300,000 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 During the year, the corporation declared and paid a $75,000 cash dividend. If the company's dividends in arrears prior to the current year were $27,000, the corporation's common stockholders would receive $30,000. $16,000. $27,000. $33,000. $24,000