Multiple Choice The shareholders' equity of Red Corporation Includes $200,000 of $1 par common stock and $500,000 par of 4% cumulative preferred stock. The board of directors of Red declared cash dividends of $60,000 in 2018 after paying $10,000 cash dividends in 2017 and $20,000 in 2016. What is the amount of dividends common shareholders will receive in 2018? $45,000. $30,000. $40,000. $35,000