Assume the following shares outstanding: Preferred stock, 6%, $50 par value, cumulative, 1,000 shares with dividends in arrears 3 years, for 2012, 2013, and 2014. Common stock, $100 par value, 2,000 shares. Total dividends declared in 2015 were $50,000. The total amount of dividends to which common stockholders are entitled is

		$12,000.
		$47,000.
		$3,000.
		$38,000.