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Beckham Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its

Beckham Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first three years of operation. Beckham Corporation paid cash dividends as follows:

Year

Dividend

2020

$19,000

2021

$ 0

2022

$65,000

The amount of dividends received by the preferred stockholders during 2022 was:

Select one:

a.

$21,000

b.

$23,000

c.

$44,000

d.

$65,000

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