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The shareholders' equity of Green Corporation includes $320,000 of $1 par common stock and $510,000 par value of 7% cumulative preferred stock. The board of

The shareholders' equity of Green Corporation includes $320,000 of $1 par common stock and $510,000 par value of 7% cumulative preferred stock. The board of directors of Green declared cash dividends of $61,000 in 2016 after paying $31,000 cash dividends in each of 2015 and 2014. What is the amount of dividends common shareholders will receive in 2016?

a)$40,400.

b)$45,100.

c)$15,900.

d)$25,300.

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