On December 31, 2023, SunnyCorp. has 5,250 shares outstanding of $40 par value 7% preferred stock and 2,050 shares outstanding of $20 par value common stock. The company did not pay out dividends in 2021 and 2022. As of December 31, 2023, the company will distribute $95,000 in dividends. SunnyCorp began operations January 1, 2021.

How much will the common stockholders receive if the preferred stock is non-cumulative and non-participating. (round calculations to 4 decimal places)

a)

$80,300

b)

$14,700

c)

$44,100

d)

$50,900