Assume the following capital structure at December 31, 2018:

Preferred stock, 8%, $50 par value, 1,900 shares issued and outstanding.Preferred dividends were not declared for three prior years (-2015-2018).

Common stock, $100 par value, 2,900 shares issued and outstanding.

Total dividends declared and paid in 2018 were $59,000. How much of the 2018 dividend will be paid to the common stockholders assuming the preferred stock isnoncumulative?

Group of answer choices

$51,400.

$7,600.

$30,400.

$28,600.