A Home/ Twitter TweetDeck Crunchyroll - Watch... Saved Help Save & Exit Submi Torino Company has 1,600 shares of $50 par value. 7.5% cumulative and nonparticipating preferred stock and 16,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $5,000 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: Multiple Choice $12,000 $7,000. $1,000 $6.000