Arnold Company purchases a new delivery truck for $45,000, with credit terms of 2/10, net 30. The invoice was paid within the discount period. The sales taxes are $2,500. The logo of the company is painted on the side of the truck for $1,200. The trucks annual license is $120. What does Arnold record as the cost of the new truck?

A). $ 48,820

B). $ 47,800

C). $ 47,920

D). $ 48,700

2. Brewer Inc. has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of directors declared and paid a $12,000 dividend in 2019. In 2020, A total of $60,000 in dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020?

A). $ 42,000

B). $ 30,000

C). $ 18,000

D). $ 15,000