Beng Company has 30,000 shares of $1 par common stock issued and outstanding. The company also has 5,000 shares of $100 par 5% noncumulative preferred stock outstanding. The company did not pay the preferred dividends in 2017, 2018 and 2019. On December 1, 2020, the companys board of directors declared that $150,000 will be paid as dividend on January 17, 2021. What amount of dividends must the company pay the preferred shareholders? *