(Answered) Hallery corporation has 10000 shares of 6 15 par

Accounting

Hallery Corporation has 10,000 shares of 6 %, $ 15 par cumulative preferred stock and 45 comma 000 shares of common stock outstanding. Hallery declared no dividends in 2015 and had no dividends in arrears prior to 2015 . In 2016 , Hallery declares a total dividend of $ 53,000 . How much of the dividends go to the common stockholders?

A.$ 35,000B.$ 44,000C.$ 53,000D.None; it all goes to preferred stockholders.

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