Sunland Company has outstanding 500000 shares of $2 par common stock and 150000 shares of no-par 7% preferred stock with a stated value of $4. Dividends have been paid in every year except the past two years and the current year. Assuming that $340000 will be distributed, and the preferred stock is cumulative and participating, how much will the common stockholders receive?

$ 84000.

$160000.

$214000.

$180000.