The outstanding stock is composed of 10,000 shares of $100 par, cumulative, preferred 8% stock, and 50,000 shares of no-par common stock. Preferred dividends have been paid every year except for the previous 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?

	a.	$380,000
	b.	$220,000
	c.	$160,000
	d.	$ 80,000