Norris Company has the following capital structure. Preferred stock, 6%, $15 par, 20,000 shares issued and outstanding Common stock, $1 par, 100,000 shares issued and outstanding If the preferred stock is cumulative and 3 years of dividends are in arrears, how much would the common shareholders receive under two different scenarios? Scenario One: The company declares $60,000 in dividends Scenario Two: The company declares $100,000 in dividends Scenario One Scenario Two A. $0 $28,000 B. $12,000 $28,000 C. $6,000 $46,000 D. $0 $46,000 A. A B. B C.C. D. D