The Baker Company has 1000 shares of $100 par 8% cumulative preferred stock outstanding. Baker issued the preferred stock in 2016 and has not paid a dividend since 2014. In 2018, Baker declared a $30,000 dividend. How much will go to the common stockholders of Baker?

a. $30,000

b. $22,000

c. $14,000

d. $6,000