The following information is provided for Bold Company for the year 2017:

Preferred stock, 8%, $50 par value, 1,300 shares issued and outstanding

Common stock, $100 par value, 2,300 shares issued and outstanding

Dividends in arrears for three prior years (20142016)

Total dividends declared and paid in 2017 were $53,000.

How much of the 2017 dividend payment was paid to the common stockholders assuming the preferred stock is noncumulative?

$5,200.

$47,800.

$20,800.

$32,200.