XYZ Company has outstanding 10,000 shares of 8 percent, $55 par value, cumulative, preferred stock and 20,000 of $25 par value common stock. There are no dividends in arrears on the preferred stock. In the current year, the corporation distributed dividends of $100,000. How much will be distributed to common stockholders? (2 Points) $44,000 $100,000 $50,000 $56,000