Curtain Co. paid dividends of $3,000; $6,000; and $9,200 during Year 1, Year 2, and Year 3, respectively. The company had 1,000 shares of 5.0%, $100 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during Year 3 would be:

Multiple Choice

$5,000.

$3,000.

$3,200.

$2,000.