Written, Inc. has outstanding 300,000 shares of $2 par ordinary shares and 60,000 shares of no-par 8% preference shares with a stated value of $5. The preference shares are cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year.

Assuming that $150,000 will be distributed as a dividend in the current year, how much will the ordinary shareholders receive?

		A. Zero.
		B. $78,000.
		C. $102,000.
		D. $126,000.