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What is the total amount that will be paid

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Question - ?Colorful, Inc. was incorporated on January? 1, 2022. Colorful issued 9,000 shares of common stock and 500 shares of preferred stock on that date. The preferred stock is? cumulative, $100 ?par, with a 10?% dividend rate. Colorful has not paid any dividends yet. In? 2025, Colorful had its first profitable? year, and on November? 1, 2025, Colorful declared a total dividend of $46,000. What is the total amount that will be paid to common? stockholders?

A. $5,000

B. $20,000

C. $26,000

D. 46,000

Reference no: EM133037434

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