31. The following information is provided for Bold Company for the year 2019: Preferred stock, 6%, $50 par value, 2,200 shares issued and outstanding Common stock, $100 par value, 3,200 shares issued and outstanding Dividends in arrears for three prior years (2016-2018) Total dividends declared and paid in 2019 were $62,000. How much of the 2019 dividend payment was paid to the common stockholders assuming the preferred stock is cumulative? Multiple Choice $26,400. $35,600. $62,000. $55,400.