Health & Wellness Corporation has had 7,500 shares of $3.00 cumulative preferred shares outstanding as well as 28,000 common shares issued at $10 outstanding since it was incorporated. During the first, second, and third years of operations, $15,000, $18,000, and $50,000 in dividends, respectively, were paid. The dividends paid to the common shareholders of Health & Wellness Corporation in year three amounted to: a) $15,500 Ob) cannot be determined from the given information c) $0 Od) $27,500 Question 22 (1 point) Saved The rate of return on common shareholders' equity is calculated by dividing net income less preferred dividends by average common shareholders' equity. a) True b) False