Oriole Company has 153000 shares of $10 par value common stock and 76500 shares of $10 par value, 4%, cumulative, participating preferred stock outstanding. Dividends on the preferred stock are one year in arrears. Assuming that Oriole wishes to distribute $290000 as dividends, the common stockholders will receive
$172890.
$117110.
$228800.
$ 61200.