Lott Co. has outstanding 20,000 shares of 7% preferred stock with a $10 par value and 100,000 shares of $7 par value common stock. Dividends have been paid every year except last year and the current year. If the preferred stock is cumulative and fully participating and $122,000 is distributed, the common stockholders will receive: Select one: O a. $0 b. $51,000 c. $61,000 d. $69,000 e. $84,000