Question 5 3.33 pts The stockholders' equity section of the balance sheet of Piper Corporation as of December 31, 2019 is as follows: 5600,000 950.000 Preferred stock. 6%, 512 par value, cumulative, 150,000 shares, authorized, 50,000 shares issued and outstanding Common stock, S10 par value, 595,000 shares authorized, 95,000 issued, and 90,000 outstanding Paid-in capital in excess of par value, common stock Retained Earnings 331,000 1.048.000 2.929.000 75,000 2,854,000 Less Treasury stock, common (5.000 shares purchased at SiS per share) Total stockholders Piper issues a cash dividend of $50,000 in total to both classes of stock at the end of the company's first year of operation, how much will the common shareholders' receive? $0 $50,000 None of the answer choices are correct $36.000 $14,000