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Assume the following shares outstanding: (a) Preferred stock, 6%, $50 par value, cumulative, 1,000 shares with dividends in arrears 3 years, for 20A, 20B, and

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Assume the following shares outstanding: (a) Preferred stock, 6%, $50 par value, cumulative, 1,000 shares with dividends in arrears 3 years, for 20A, 20B, and 20C. (b) Common stock, $100 par value, 2,000 shares. Total dividends declared in 20D were $30,000. The total amount of dividends to which common stockholders are entitled is $30,000. $27,000. $21,000. $18,000. None of the above is correct

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