Nance Corporation's December 31, 2020 balance sheet showed the following: 6% preferred stock. $20 par value, cumulative, 30.000 shares authorized: 20,000 shares issued $ 400,000 Common stock, $10 par value, 3,000,000 shares authorized: 1,950,000 shares issued. 1.920,000 shares outstanding 19,500,000 Paid-in capital in excess of par value - preferred stock 60,000 Paid-in capital in excess of par value - common stock 28,000,000 Retained earnings 9.650,000 Treasury stock (30,000 shares) 630,000 Nance declared and paid a $85.000 cash dividend on December 15, 2020. If the company's dividends in arrears prior to that date were $24,000, Nance's common stockholders received 1) $61,000. 2) $48,000. 3) $37.000. 4) no dividend