Helix Ltd. has 100,000 no-par common shares outstanding, and 20,000 no-par, $0.40 preferred shares issued at $5 each. The preferred shares are cumulative and non-participating. Dividends have been paid every year except last year and the current year. The Board has declared a $50,000 dividend in the current year. How much will common shareholders receive?

Question 10 options:

$16,000

$34,000

$8,000

$42,000