Question 9 6 pts LaFleur company has the following outstanding stock at the end of both 20x7 and 20X8. Preferred Stock (8%, $100 par value, 1,000 shares issued and outstanding) Common Stock ($1 par value, 390,000 shares issued and outstanding) No dividends were declared or paid in 20x7. If the company's preferred stock is CUMULATIVE and 20x7 dividends are the only dividends in arrears, what portion of a 20x8 dividend declaration for $47,000 will go to the COMMON stockholders? O $31.000 $39,000 $47,000 $8,000 $16,000