Yoder, Inc. has 50,000 shares of $10 par value ordinary shares and 25,000 shares of $10 par value, 6%, cumulative, participating preference shares outstanding. Dividends on the preference shares are one year in arrears. Assuming that Yoder wishes to distribute $135,000 as dividends, the ordinary shareholders will receive

a. $30,000.

b. $55,000.

c. $80,000.

d. $105,000.