At December 31 of year 1 and year 2, Carr Corp. had outstanding 1,000 shares of $100 par value, 6% noncumulative preferred stock and 20,000 shares of $10 par value common stock. Carr Corp had passed (not declared) $12,000 of preferred dividends in the prior year. Cash dividends declared in year 2 totaled $26,000. What amounts of dividends were payable on the preferred stock? O a. $18,000 b. $12,000 O c. $6,000 Od. $5,000