From its inception through the year of 2023, First Mart, Inc. was profitable and made strong dividend payments each year including all payments to preferred shareholders. In the year 2024. First Mart had major losses and paid no dividends. In 2025, the company started making large profits again, and they were able to pay dividends to all shareholders--both common and preferred. There are 2,100 shares of cumulative, 14% preferred stock outstanding. The preferred stock has a par value of $100. What is the total amount of dividends that should be paid to the preferred stockholders in December 2025? A. $29,400 B. $86 C. $58,800 D. $88,200