Corrao Foods Corporation has 7,000 shares of 5%, $20 par value, cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2023 and December 31, 2024. In 2023, a $4,000 dividend was declared and paid: In 2024, $40,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2024 (assuming no dividends in arrears prior to 2023)? OA. $7,000 OB. $10,000 OC. $14,000 OD. $40,000