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Electie, inc. was incorporated on January 1, 2016. Electric issued 13.000 shares of common stock and 100 shares of preferred stock on that date. The

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Electie, inc. was incorporated on January 1, 2016. Electric issued 13.000 shares of common stock and 100 shares of preferred stock on that date. The preferred stocks cumulative $10000 par with an avidad rate Electric has not paid any dividends yet in 2019. Electric had its first profitable you and on November 1, 2019, Electie declared a total dividend of $5.000. What is the amount that will be paid to preferred shareholders? O A $7.200 OB. $32.000 OC. $65,000 OD. $8,000

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