A machine, acquired for a cash cost of $13,750, is being depreciated on a straight-line basis of $2,200 per year. The residual value was estimated to be 20% of cost. The estimated useful life is: Multiple Choice 3 years. 4 years. 5 years. 6 years. The following information is provided for Bold Company for the year 2022: - Preferred stock, 9\%, \$50 par value, 2,600 shares issued and outstanding - Common stock, \$100 par value, 3,600 shares issued and outstanding - Dividends in arrears for three prior years (2019-2021) - Total dividends declared and paid in 2022 were $66,000. How much of the 2022 dividend payment was paid to the common stockholders assuming the preferred stock is noncumulative? Multiple Choice $54,300. $11,700. $19,200. $46,800