Wetzel, Inc. has 10,000 shares of cumulative preferred stock outstanding, with annual dividends paid at a rate of $3 per share. Wetzel, Inc. also has 20,000 shares of common stock outstanding. Preferred dividends were passed in the prior year. If Wetzel, Inc. declares a $ $600,000 dividend, each outstanding share of common stock would receive:

A 28.50

B 3.00

C 27.00

D 30.00