Hallery Corporation has 12,000 shares of 4%, $5 par cumulative preferred stock and 51,000 shares of common stock outstanding. Hallery declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Hallery declares a total dividend of S52.000. How much or the dividends go to the common stockholders? O A. $49,600 O B. $52,000 OC. $47.200 O D. None; it all goes to preferred stockholders