Given below is the partial stockholders equity section of

Question

Given below is the partial stockholders equity section of the Balance Sheet (as of 12/31/2014) for Toys and Stuff, Inc.

Paid-in-Capital

4% Preferred shares ($100 par)                                                 $500,000

Common shares ($1 par)                                                            $500,000

Assume that the preferred shares are cumulative, and that no dividends had been paid for 2012 and 2013. If a total dividend to be paid for 2014 is $200,000, how much dividends will be paid to the common stockholders?