Healthy Farmer, Inc. has

46,000

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

6%

noncumulative with a

$100.00

par value. On October 15, 2019, the company declares a total dividend payment of

$48,000.

What is the total amount of dividends that will be paid to the common stockholders?

A.

$24,000

B.

$48,000

C.

$3,680

D.

$32,000