6. JKL Corporation had the following Shareholders Equity on September 30, 2023:

Shareholders' Equity Share Capital $ 10 Preferred shares, cumulative 10,000 shares authorized, 5,000 shares issued $ 5,000,000 Common shares, 200,000 shares authorized, 10,000 shares issued 200,000 Total Share Capital $ 5,200,000 Retained Earnings 570,000 Total Shareholders Equity $ 5,770,000

On September 15, 2023, JKL Corporation declared a $ 170,000 cash dividend to be paid on

October 15 to shareholders of record on September 28. Assuming that the preferred dividends

have NOT been paid for fiscal years 2021 and 2022, the total amount of the dividends paid to

the preferredshareholders on October 15, 2023 would be:

A. $ 50,000

B. $ 150,000

C. $ 170,000

D. $ 0

E. None of the above.