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Last, Inc. has 2,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December

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Last, Inc. has 2,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2014 and December 31, 2015. The board of directors declared and paid a $4,000 dividend in 2014. In 2015, $24,000 of dividends are declared and paid. How much of the dividends are received by the preferred stockholders in 2015? Select one: $8,000 $12,000 $6,000 $16.000

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