Green River Company was established on January 1, 2020 and issued 100,000 shares of $5 par value, 6% cumulative preferred stock and 2,000,000 shares of $1 par common stock on that date. No additional shares were issued or reacquired during 2020, 2021, or 2022. The board of directors of Green River declared $20,000 of dividends in 2020, and 2021, and $90,000 of dividends in 2022. What is the amount of dividends common shareholders will receive in 2022?

Multiple Choice

• $40,000

• $60,000

• $50,000

• $30,000