An entity has 15000 shares of $12 cumulative preferred shares outstanding and 51000 common shares outstanding. As of the beginning of this fiscal year, there were 2 years' dividends in arrears on the preferred shares. The board of directors wants to give the common shareholders a $2.2 dividend per share at the end of this fiscal year. The total dividends to be declared by the entity are: Select one: O a $112200 Ob. $292200 Oc. $472200 O d. $652200