Kuhns Corp. has 200,000 shares of preferred stock outstanding that is cumulative. The dividend is $6.50 per share and has not been paid for 3 years. If Kuhns earned $3 million this year, what could be the maximum payment to the preferred stockholders on a per share basis? 1) $19.50 per share 2) $15.00 per share 3) $13.00 per share 4) $6.50 per share