Colorful, Inc. was incorporated on January 1, 2016. Colorful issued 13,000 shares of common stock and 700 shares of preferred stock on that date. The preferred block in cumulative, $100.00 per, with a 11% dividend rate. Colorful has not paid any dividends yet. In 2019, Colorful had its first profitable year, and on November 1, 2019. Colorful declared a total dividend of $45,000. What is the total amount that will be paid to common stockholders? O A $48.000 B. $17.200 C. $30,000 O D. $7,700