Current Attempt in Progress

Sandhill Service Corp. has $12200$ shares of $5\%,$$$100$ par value, non$-$cumulative preferred stock and $48800$ shares of $$1$ par value common stock outstanding at December $31,2025.$ There were no dividends declared in $2024.$ The board of directors declares and pays a $$146400$ dividend in $2025.$ What is the amount of dividends received by the common stockholders in $2025?$

$$0.$

$$146400.$

$$85400.$

$$61000.$