Blue Spruce Corp's December 31, 2020 balance sheet showed the following: 6% preferred stock, $10 par value, cumulative, 40000 shares authorized; 19000 shares issued $ 190000 Common stock, $10 par value, 3,000,000 shares authorized; 19500000 1,950,000 shares issued, 1,920,000 shares outstanding Paid-in capital in excess of par value - preferred stock 62000 Paid-in capital in excess of par value - common stock 28000000 Retained earnings 9750000 Treasury stock (30,000 shares) 759000 Blue declared and paid a $89800 cash dividend on December 15, 2020. If the company's dividends in arrears prior to that date were $24000, Blue's common stockholders received O $78400. O $65400. O $54400. O no dividend