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Happy Farmer, Inc. has 46,000 shares of common stock outstanding and 3,000 shares of preferred stock outstanding. The common stock is $0.03 par value; the

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Happy Farmer, Inc. has 46,000 shares of common stock outstanding and 3,000 shares of preferred stock outstanding. The common stock is $0.03 par value; the preferred stock is 7% noncumulative with a $100.00 par value. On October 15, 2017, the company declares a total dividend payment of $43. What is the total amount of dividends that will be paid to the common stockholders? Select one: $43,000 $9,000 $22,000 $1,380

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