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Yoder, Inc. has 150,000 shares of $10 par value common stock and 75,000 shares of $10...

Yoder, Inc. has 150,000 shares of $10 par value common stock and 75,000 shares of $10 par value, 4%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Yoder wishes to distribute $270,000 as dividends, the common stockholders will receive

a. $ 60,000. b. $110,000. c. $160,000. d. $210,000.

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