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Vintage Boutique's outstanding stock is 90 shares of $110 par, 11% cumulative preferred stock and 2,500 shares of $14 par common stock. Vintage...



Vintage Boutique's outstanding stock is 90 shares of $110 par, 11% cumulative preferred stock and 2,500 shares of $14 par common stock. Vintage Boutique paid $1,600 in cash dividends during the year. No dividends are in arrears. Common stockholders received:

A) $0.

B) $511.

C) $1,600.

D) $1,089.

I need step by step explanation please

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