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Winston Corporation has 9,000 shares of 4%, $10 par cumulative preferred stock and 47,000 shares of common stock outstanding. Winston declared no dividends in 2015 and had no dividends in arrears prior to 2015. In 2016, Winston declares a total dividend of $54,000. How much of the dividends go to the common stockholders? a. $54,000 b. $50, 400 c. $46, 800 d. None; it all goes to preferred stockholders