A company has 20,000 shares of preferred shares outstanding paying 0.30 cents dividend per share. It also has 110,000 shares of common shares outstanding in the company decides to pay a total of $35.000 in dividends. The preferred shares as cumulative with two years dividends in artears. What is the amount of dividend preferred shareholders should receive? Multiple Choice $6.000 $12.000 $18.000 $24.000