Stevens, Inc. has outstanding 100,000 shares of $2 par common stock and 20,000 shares of no par 8% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $40,000 will be distributed as a dividend in the current year, how much will the common stockholders receive? $24,000. $16,000. $32,000. $0