Curtain Company paid dividends of $16,000, $22,000, and $58,000 during Year 1, Year 2, and Year 3, respectively. The company had 3,000 shares of 5.0%, $200 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?

Multiple Choice

a) $30,000

b) $6,000

c) $36,000

d) $14,000