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Vega Corporation's December 31, 2015 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized; 7,500 shares issued $ 150,000

Vega Corporation's December 31, 2015 balance sheet showed the following:

8% preferred stock, $20 par value, cumulative, 10,000 shares
authorized; 7,500 shares issued

$ 150,000

Common stock, $10 par value, 1,000,000 shares authorized;
975,000 shares issued, 960,000 shares outstanding

9,750,000

Paid-in capital in excess of parpreferred stock

30,000

Paid-in capital in excess of parcommon stock

13,500,000

Retained earnings

3,750,000

Treasury stock (15,000 shares)

315,000

Vega declared and paid a $58,000 cash dividend on December 15, 2015. If the company's dividends in arrears prior to that date were $10,000, Vega's common stockholders received

A.

$48,000.

B.

$36,000.

C.

$22,000.

D.

no dividend.

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