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Happy Farmer, Inc. has 49,000 shares of common stock outstanding and 4,000 shares of preferred stock outstanding. The common stock is $0.08 par value; the
Happy Farmer, Inc. has 49,000 shares of common stock outstanding and 4,000 shares of preferred stock outstanding. The common stock is $0.08 par value; the preferred stock is 9% noncumulative with a $100 par value. On October 15, 2017, the company declares a total dividend payment of $45,000. What is the total amount of dividends that will be paid to the common stockholders? O A. $45,000 O B. $9,000 O C. $32,000 O D. $3,920
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