Kaldi Company has 20,000 shares of $10 par value. 5% cumulative preferred stock and 200,000 shares of $20 par value common stock outstanding. The company paid total cash dividends of $8,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: A. $10,000. B. $8.000. C. $12.000. D. $2.000.