Blue Ash Corporation has 10,000 shares of $5 par value, 4% cumulative preferred stock and 100,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: Multiple Choice 0 $0. $1,000. $4,000. $2,000. $3,000