Brazee Company has the following paid-in capital $ 2,000,000 Preferred stock, 5%, $5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Common stock, $9 par value, 300,000 shares authorized, 220,000 shares issued and outstanding $ 1,980,000 a If the company pays a $30,000 dividend and the preferred stock is noncumulative, what is the amount the common stockholders will receive? Multiple Choice 8