Answer:
The correct option is A,$49,000
Step-by-step explanation:
The share of declared dividends for the common stock shareholders is the total dividends declared in the current minus the preferred stock dividends for current year and prior year because preferred stock is entitled to arrears of dividends(it has cumulative conditional clause attached).
Total dividends declared $53,000
preferred stock dividend(2016) ($2,000)
preferred stock dividend(2017) ($2,000)
common stock share of dividends $49,000
Preferred stock dividend=8000*5%*$5=$2000
The correct option,based on the above analysis,is option A