Northshore, Inc. has $1,500,000$ shares of $$1$ par value common stock and $75,000$ shares of $$10$ par value, $4\%,$ cumulative preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Northshore wishes to distribute $$270,000$ as dividends, the common stockholders will receive

$$110,000.$

$$210,000.$

$$60,000.$

$$160,000.$