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BigTex Industries, Inc. has 5.000 shares of common stock, pat value 52 and has 2,000 shares of 6%, 550 par value, cumulative preferred stock. Two

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BigTex Industries, Inc. has 5.000 shares of common stock, pat value 52 and has 2,000 shares of 6%, 550 par value, cumulative preferred stock. Two years of dividends are in areas. The board of directors declared a $80,000 dividend How much of the dividend will the preferred stockholders recerve? $80,000 $12.000 $18,000 $6,000

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