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Winston Corporation has 9,000 shares of 4%, $10 per cumulative preferred stock end 47,000 shares of common stock outstanding. Winston declared no dividends in 2015

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Winston Corporation has 9,000 shares of 4%, $10 per cumulative preferred stock end 47,000 shares of common stock outstanding. Winston declared no dividends in 2015 and had no dividends in arrears prior to 2015. In 2016, Winston declares a total dividend of $54.000. How much of the dividends go to in the common stockholders? A. $54,000 B. $50, 400 C. $46, 800 D. None, it all goes to preferred stockholders

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