Oak Partners Company had 10,000,7%, nonconvertible, cumulative, $100 par value preferred shares outstanding in 2019. Oak Partners Company declared dividends for the year to be $90,000. There were no previous preferred dividends that were unpaid. The total amount of dividends that common stock holders would receive for 2019 would be: Multiple Choice $20,000 $70,000 $50,000 None of the above