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Taco Inc has outstanding 10,000 $10 par value common shares and 500 $100 par value 5% noncumulative preferred shares. No dividends were paid in 2018

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"Taco Inc has outstanding 10,000 $10 par value common shares and 500 $100 par value 5% noncumulative preferred shares. No dividends were paid in 2018 and 2019. In 2020, Taco declares a $40,000 cash dividend. What will will the common shareholders receive?" "$32,500" "$40,000" "$35,000" "$37,500

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