Wetzels INC has 20,000 shares of cumulated preferred stock outstanding with annual dividends paid at a rate $2 per share. Wetzel INC also has 40,000 shares of common stock outstanding. Preferred dividends were passed in the prior year. If Wetzels INC declares a $200,000 dividends, each outstanding shares of common stock would receive:
a) $5.00
b) $3.00
c) $4.00
d)$2.00