Health & Wellness Corporation has had 7,500 shares of $3.00 cumulative preferred shares outstanding as well as 28,000 common shares issued at $10 outstanding since it was incorporated.During the first,second,and third years of operations,$15,000,$18,000,and $50,000 in dividends,respectively,were paid.The dividends paid to the common shareholders of Health & Wellness Corporation in year three amounted to:
A) $0
B) $15,500
C) $27,500
D) cannot be determined from the given information
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