Eagle Company has 24,000 ordinary shares with a $1 par issued and outstanding. The company also has 2,000 shares of $100 par 4% cumulative preference shares outstanding. The company did not pay the preference dividends in 2019 or 2020. In 2021, Eagle declare to pay cash dividend $50,000.

What amount of cash dividend that will be received by ordinary shareholder after preference shareholders?

PLEASE INCLUDE HOW TO SOLVE IT, thanks!