15 bookmark this question arp corp.'s outstanding capital stock at december 15, year 1, consisted of the following: 30,000 shares of 5% cumulative preferred stock, par value $10 per share, fully participating as to dividends. no dividends were in arrears. 200,000 shares of common stock, par value $1 per share. on december 15, year 1, arp declared dividends of $100,000. what was the amount of dividends payable to arp's common stockholders?
a) $10,000
b) $34,000
c) $40,000
d) $47,500