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Abdullah Company, has 2,000 shares of 3%, $50 par value, cumulative preference shares and 20,000 shares of $1 par value ordinary shares outstanding at December

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Abdullah Company, has 2,000 shares of 3%, $50 par value, cumulative preference shares and 20,000 shares of $1 par value ordinary shares outstanding at December 31, 2011. There were no dividends declared in 2009. The board of directors declares and pays a $20.000 dividend in 2010 and in 2011. What is the amount of dividends received by the ordinary shareholders in 2011? $3,000 A O $45,000. O $31.000.CO $15,000.DO

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