Instanbul Corp. has outstanding 20,000 no par value, $0.80, preferred shares and 100,000 no par value common shares. Dividends have been paid every year except last year and the current year. The carrying value of the preferred shares is $200,000 and of the common shares is $300,000. If the preferred shares are cumulative and non-participating and $100,000 is distributed as a dividend, the common shareholders will receive $84,000. $100,000. $0. $68,000.