M-Bot Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock and 30,000 shares of common stocks outstanding at December 31, 2020. No dividends were declared in 2019. The Board of Directors of M-Bot declared dividends of $375,000 on December 31, 2020 to stockholders on record at January 5, 2021 to be paid on February 1, 2021. The amount of dividends that the preferred stockholders will receive is: $160,000. O $80,000. $0. $240,000