Sharpie Inc has the following stock issued and outstanding

100,000 shares of $1 par value common stock, which were issued for $3 per share

25,000 shares of $5 par value 8% cumulative preferred stock, which were issued for $150,000

In year 1, Sharpie pays a dividend of $30,000.

How much of the dividend is paid to common shareholders?

Group of answer choices

0

20,000

30,000

10,000