DT Ltd was incorporated on 1 January 2020 and on that date issued:

5% Preference shares for $14000 shares

Ordinary shares for $105000 shares

During December 2023 DT Ltd declared a total of $2000 in dividends. This was the first dividend declared by DT Ltd, that is, no dividends were declared or paid during the first two years of operations. If the preference shares are cumulative and non-participating the total amount of the $2000 dividend that will be available for payment to the ordinary shareholders is:

Select one:

a. $2000

b. $1600

c. $1400

d. $1000