Unanswered Question 16 Correct Answer 0/3.75 pts Geranium Corporation reports the following information regarding its outstanding stock on Dec 31st, 2020. $35,000 total dividends declared Common stock ($0.50 par value, 100,000 shares outstanding) Noncumulative preferred stock (6%, $10 par value, 20,000 shares outstanding) This is the first year dividends have been declared in 5 years. What amount of dividends are paid out to common shareholders? $23,000 $12,000 $35,000 $35,000. $6,000