Ivanhoe Co$.$ has outstanding $90000$ shares of $5\%$ preferred stock with a $$10$ par value and $148700$ shares of $$3$ par value common stock. Dividends have been paid every year except last year and the current year. If the preferred stock is cumulative and nonparticipating and $$249300$ is distributed, the common stockholders will receive

$$159300.$

$$0.$

$$249300.$

$$204300.$