Johnson Inc. has 4% preferred stock (total par value of $12,000) and common stock (total par value of $28,000) outstanding. No dividends have been paid during 2016, 2017 and 2018. On December 31, 2019, Johnson Inc. decided to distribute $7,500 in cash dividends. How much will the preferred stockholders receive if the preferred is cumulative and participating $3,258 $1,800 $3,872 $1,338