Question $26$

CRNV Cruiselines has $5,500$ shares of $5\%,$$$100$ par value, cumulative preferred stock and $150,000$ shares of $$1$ par value common stock outstanding. In $2023,$ no dividend were declared nor paid. In $2024,$ $$75,000$ of dividends are declared and paid.

What are the dividends received by the common stockholders in $2024?$

$$27,500$

$$55,000$

$$75,000$

$$20,000$