Nance Corporation's December 31 2021 Balance Sheet Showed the Following

Nance Corporation's December 31 2021 balance sheet showed the following: 6% preferred stock $20 par value cumulative $\begin{array} { l } \text {30,000 shares authorized; 20,000 shares issued }&\$400,000\\ \text {Common stock, \( \$ 10 \) par value, \( 3,000,000 \) shares authorized; }&\\ \text { \( 1,950,000 \) shares issued, \( 1,920,000 \) shares outstanding }&19,500,000\\ \text { Paid-in capital in excess of par value - preferred stock }&60,000\\ \text {Paid-in capital in excess of par value - common stock }&28,000,000\\ \text {Retained earnings }&9,650,000\\ \text {Treasury stock (30,000 ) shares }&630,000\\\end{array}$
Nance declared and paid an $85000 cash dividend on December 15 2021.If the company's dividends in arrears prior to that date were $24000 Nance's common stockholders received

A) $61000.
B) $48000.
C) $37000.
D) no dividend.