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Sheffield Corp. has 5500 shares of 6%, $50 par value, cumulative preferred stock and 47500 shares of $1 par value common stock outstanding at

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Sheffield Corp. has 5500 shares of 6%, $50 par value, cumulative preferred stock and 47500 shares of $1 par value common stock outstanding at December 31, 2019, and December 31, 2020. The board of directors declared and paid an $9200 dividend in 2019. In 2020, $67500 of dividends are declared and paid. What are the dividends received by the common stockholders in 2020? $38200. O $49200. O $43700. O $16500.

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