Bramble Corp. has outstanding 597000 shares of $2 par common stock and 121000 shares of no par 6% preferred stock with a stated value of $5. The preferred stock is cumulative and nonparticipating. Dividends have been paid in every year except the past two years and the current year. Assuming that $96000 will be distributed as a dividend in the current year, how much will the preferred stockholders receive? $72600 $36300 $32300 $96000