Alabash Corporation has 10,000 shares of 7%,$5 par cumulative preferred stock and 48,000 shares of common stock outstanding. Alabash declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Alabash declares a total dividend of $54,000. How much of the dividends go to the common stockholders? A. $54,000 B. $50,500 C. $47,000 D. None; it all goes to preferred stockholders