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Rolling Stones Supplies has the following stock outstanding reported on its balance sheet: 5% Cumulative preferred stock, par $20 $100,000 Common stock, par $5 $200,000

Rolling Stones Supplies has the following stock outstanding reported on its balance sheet:

5% Cumulative preferred stock, par $20 $100,000
Common stock, par $5 $200,000

In 2017, Rolling Stones Supplies paid $28,000 in dividends. No dividends were paid in 2015 or 2016. The amount of dividends paid to common stockholders in 2017 should be: $ ____________________

Select one:

a. $28,000

b. $0

c. $13,000

d. $15,000

e. $5,000

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