Betta Corp. has 70,000 shares of $3 par common stock and 35,000 shares of $19 par fully participating 7% cumulative preferred stock. The company declares cash dividends of $60,000 during the current year and there are $9,000 dividends in arrears. What will be the total dividend payment to common stockholders? O A. $9,000 OB. $4,450 OC. $55,550 OD. $60,000