RealTime Company has outstanding 10,000 shares of 8 percent, $50 par value, cumulative, preferred stock and 20,000 of $25 par value common stock. There are no dividends in arrears on the preferred stock. In the current year, the corporation distributed dividends of $100,000. How much will be distributed to common stockholders?
A. $60,000
B. $40,000
C. $100,000
D. $25