10) The following information is provided for Slickers, Inc. for year 2019: Preferred stock, 7%, $50 par value, 1,000 shares issued and outstanding Common stock, $100 par value, 2,000 shares issued and outstanding Dividends in arrears for 2017 and 2018 Total dividends declared and paid during 2019 totaled $25,000 How much of the dividend was paid to the preferred stockholders during 2019 assuming the preferred stock is noncumulative?

A) $3,500.

B) $7,000.

C) $10,500.

D) $14,500.