URGENT

Manner, Inc. has 5,000 shares of 5%, 100 par value, noncumulative preference shares and 20,000 ordinary shares with a 1 par value outstanding at December 31, 2017. There were no dividends declared in 2016. The board of directors declares and pays a 55,000 dividend in 2017. What is the amount of dividends received by the ordinary shareholders in 2017?

A.

30,000

B.

55,000

C.

0

D.

25,000