At the beginning of 2016, Emily Corporation issued 29,000 shares of $100 par, 6%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning 100 shares receive in 2018 if Emily pays $1,000,000 in dividends? Multiple Choice $1,800. $1,980 $1740 $29.000