For the most recent fiscal year, Booker Industries had a return on common stockholders' equity of 34%, average common stockholders' equity of $915,000, and net sales of $1,950,000. During the same period, Booker's net income was equal to 25% of net sales. Given this information, what were Booker's preferred dividends for the year in question? Select answer from the options below $176,400 $434,250 $311,100 $123,150