Diazlo Corporation has 9,000 shares of 7%, $15 par cumulative preferred stock and 47,000

shares of common stock outstanding. Diazlo declared no dividends in 2017 and had no dividends in arrears prior to 2017. In 2018, Diazlo declares a total dividend of $55,000. How much of the dividends go to the common stockholders?

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Part 1

A.$ 36 comma 100

$36,100

B.$ 45 comma 550

$45,550

C.$ 55 comma 000

$55,000

D.

None; it all goes to preferred stockholders.