The shareholders' equity of Green Corporation includes $254,000 of $1 par common stock and $450,000 par value of 7% cumulative preferred stock. The board of directors of Green declared cash dividends of $55,000 in 2013 after paying $25,000 cash dividends in each of 2012 and 2011. What is the amount of dividends common shareholders will receive in 2013? $10,500 $38,000 $44,500 $23,500