Use info to calculate the "net income available to ordinary shareholders"

net income	$1 000 000
dividends on cumulative preferred shares	40 000
dividends declared in 2020: -common shares -cumulative preferred shares -non-cumulative preferred shares	50 000 80 000 100 000
dividends paid in 2020: -common shares -cumulative preferred shares -non-cumulative preferred shares	30 000 50 000 0

a. $950 000

b. $960 000

c. $820 000

d. $860 000