At the beginning of the year, Spruce had 200,000 shares of common stock. Prior to the issuance of its financial statements for the year ended December 31, 2015, Pine & Tree declared a 10% stock dividend on its common stock. Net income for 2015 was $800,000. In its 2015 financial statements, Spruce's 2015 earnings per common share was $3.41. What was the dollar amount of preferred stock dividends subtracted from net income? Multiple Choice 10,000 O O 20.000 O 30,000 O 40,000 50,000 O