Dubrovnik Co. has 200,000 no par value common shares currently outstanding. They have a carrying value of $2,000,000. Dubrovnik Co. also has 100,000 no par value, $0.60, cumulative, fully participating preferred shares. They have a carrying value of $1,000,000. Dividends for these preferred shares are 1 year in "arrears". If Dubrovnik Co. wants to distribute $540,000 of dividends, the common shareholders would receive: a. $220,000.00 O b. $120,000.00 O c. $320,000.00 O d. $420,000.00