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Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of 1 par value common stock. The company has

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Fischer Company has outstanding 8,000 shares of $100 par value, 5% preferred stock, and 50,000 shares of 1 par value common stock. The company has 5328.000 af retained earnings. At year-end, the company declares and pays the regular $5 per share cash dividend on preferred stock and a $1.80 per share cash dividend on common stock support What is the total dividends paid by Fischer Company? Select one: A. $328,000 B. $40,000 C. $90,000 D. $130,000

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