Curtain Co. paid dividends of $8,000; $9,000; and $12,000 during 2014, 2015 and 2016, respectively. The company had 1,900 shares of 4.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during 2016 would be:

$8,550.

$3,350.

$1,000.

$550.