$44,000 $16,000 Question 9 6 pts Hyde Company has the following outstanding stock at the end of both 20X7 and 20X8. . Preferred Stock (8%, $100 par value, 2,200 shares issued and outstanding) . Common Stock ($1 par value, 180,000 shares issued and outstanding) There were dividends that were both declared and paid in 20X7. If the company's preferred stock is CUMULATIVE and there are $1,000 of dividends in arrears from 20X7, how much of a 20X8 dividend declaration of $30,000 go to preferred stockholders? O $30,000 O $9.300 O $11,400 O $17,600 O $18,600