The outstanding stock is composed of 10,000 shares of $100 par, cumulative, $8 preferred stock, and 50,000 shares of no-par common stock. Preferred dividends have been paid every year except for the preceding year and the current year. If $380,000 is to be distributed as a dividend for the current year, what total amount will be distributed to the common stockholders? Group of answer choices $160,000 $220,000 $380,000 $ 80,000