Laurelhurst Company has 240,000 shares of preferred stock, 8% cumulative, $100 par value. It also has 2.800.000 shares of common stock $0.01 par value. (The share information represents the numbers of shares issued and outstanding for both types of stock) Dividends in arrears at the beginning of the year totaled $960,000. If Laurelhurst's board of directors declares a total dividend of $3,300,000 to be distributed to preferred and common stockholders, how much will be paid to the common stockholders? Multiple Choice $2.880.000 $1,380,000 $420,000 $2,340,000