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EverGreen Company has outstanding 30,000 shares of $10 par value, 5% cumulative preferred stock and 60,000 shares of $1 par value common stock. During its

EverGreen Company has outstanding 30,000 shares of $10 par value, 5% cumulative preferred stock and 60,000 shares of $1 par value common stock. During its first three years in business, it declared and paid no cash dividends in the first year, $31,000 in the second year, and $90,000 in the third year. What is the amount of dividend paid to preferred stockholders in total over the three years?

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10,000

15,000

45,000

30,000

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