DX had the following shares outstanding: Preferred shares, $3, 2,000 shares- $100,000 Common shares, 2,000 shares- $200,000 (Matching dividend, if applicable, $6) The preferred shares are cumulative, fully participating dividends are three years in arrears, excluding the current year; dividends declared in the current year amount to $42,000 Compute the total amount of dividends to which preferred shareholders are entitled to