A company's contributed capital on December 31, 2022 is as follows:

6% Cumulative Preferred Stock 5,000 shares issued and outstanding, $80 par value Common Stock, 15,000 shares, $2 par value.

Since 2019, there have been no additional shares of stock issued. The company has declared and paid the following dividends in subsequent years as shown in the table below.

Year:

2019. $20,000

2020. $30,000

2021. $15,000

2022. $40,000

Determine the total amount of the dividends to be allocated to the preferred stockholders in 2022?

A) $40,000

B) $24,000

C) $27,000

D) $33,000

E) $31,000

A company's contributed capital on December 31,2022 is as follows: 6% Cumalative Preferred Stock 5,000 shares issued and outstanding, $80 par value Common Stock, 15,000 shares, $2 par value. Since 2019, there have been no additional shares of stock issued. The company has declared and paid the following dividends in subsequent years as shown in the table below. Determine the total amount of the dividends to be allocated to the preferted stockholders in 2022 ? 540000 $24,000 $27,000 $33,000 $31,000