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B Concord Inc., has 2300 shares of 7%, $50 par value, cumulative preferred stock and 100200 shares of $1 par value common stock outstanding

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B Concord Inc., has 2300 shares of 7%, $50 par value, cumulative preferred stock and 100200 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019. The board of directors declared and paid a $3800 dividend in 2019. In 2020, $24700 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020? O $12400 O $8050 O $12350 O $12300

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