Novak Corp. has 16500 shares of 5%, $100 par value, non-cumulative preferred stock and 66000 shares of $1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2016. The board of directors declares and pays a $198000 dividend in 2017. What is the amount of dividends received by the common stockholders in 2017?

198000

0

115500

82500

Novak Corp. has 16500 shares of 5%, $100 par value, non-cumulative preferred stock and 66000 shares of $1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2016. The board of directors declares and pays a $198000 dividend in 2017. What is the amount of dividends received by the common stockholders in 2017? $198000. $0. $115500. $82500