Johnston Reproductions has 10,000 shares of 7%, $50 par value, cumulative preferred stock. The preferred stock had been issued in 2010 and is still outstanding at year-end December 2021. As of the December 2015 year-end, there were no preferred dividends in arrears. Since December 2016, the board of directors declared annual dividends as follows: Declaration Total Dividends Date Declared December $35.000 2016 December 2017 $25,000 December $35.000 2018 December $0 (no dividends 2019 declared) December 2020 $45.000 December 2021 $75.000 Based on the dividend schedule shown above, what amount of dividends should be paid to the Common Stockholders out of the $75,000 in dividends declared in 2021? Problem Counts 3 Points O $75.000 0 $0 0 $40.000 O $5,000 O $35.000