14. On January 1^st, 2023, Jackson Corporation had 15,000, $2.60 cumulative preferred shares and 20,000 common shares. Jackson did not pay any cash dividends during the previous fiscal year-ended December 31^st, 2022. The company pays $45,000 of cash dividends during 2023. Which of the following amounts represents the cash dividends that the preferred shareholders would

receive in 2023?

1. $39,000
2. $45,000
3. $15,000
4. $6,000
5. None of the above.