A company has 4, 500 shares of $50 par value, 4.00% cumulative and nonparticipating preferred stock and 45,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $4, 500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: $9,000 $13, 500 $4, 500 $4, 800 $18,000