A company has 1,000 shares of $100 par value, 4.5% cumulative and non- participating preferred stock and 10,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $2,000 in its first year of operations. The cash dividend that must be paid to preferred stockholders in the second year before any dividends are paid to common stockholders is: $2,000 O $2,500 $4,500 $7,000 $9,000