Answer:
$60,000
Explanation:
The total dividend on the preferred paid is 5% of the face of the total number of shares which calculated as under:
Total dividend on Preferred stock = Face Value of total shares * Coupan rate
= (10,000 shares * $100 per preferred stock) * 5%
= $50,000
Now the total dividend paid to common stock holder is the amount left after paying $50,000 which is calculated as under:
Total Dividend paid to Ordinary Stockholders = $110,000 - $50,000 of Preferred stockholders
= $60,000
