Timmins Corp. has outstanding 20,000 no par value, $0.80, preferred shares and 100,000 no par value common shares. Dividends have been paid every year except last year and the current year. The carrying value of the preferred shares is $200,000 and of the common shares is $300,000.

28. If the preferred shares are cumulative and non-participating and $100,000 is distributed as a dividend, the common shareholders will receive

a.$0.

b.$68,000.

c.$84,000.

d.$100,000.

29. If the preferred shares are non-cumulative and fully participating and $70,000 is distributed as a dividend, the common shareholders will receive

a.$0.

b.$42,000.

c.$46,000.

d.$54,000.

30. If the preferred shares are cumulative and fully participating and $101,000 is distributed as a dividend, the common shareholders will receive

a.$0.

b.$51,000.

c.$61,000.

d.$69,000.