Imagine Corporation paid $150,000 in dividends. The corporation had 10,000 shares of common stock outstanding and 5,000 shares of $100 par value 6% preferred stock. The preferred stock was two years in arrears prior to the current year. How much was paid to the common stockholders?

Select one:

a. $150,000

b. $30,000

c. $60,000

d. $90,000