Mimosa Co. has both common and preferred shareholders. Its preferred shareholders are entitled to recent $30,000 of tash dividends per year, Mimosa o declared and paid the following cash dividends: 2018 Total Cash Dividends 522000 2019 Total Cash Dividends $27.000 2020 Total Cash Dividends 550.000 If the preferred stock is cumulative how much of the total dividend in 2020 will be allocated to the preferred shareholders? a. 530.000 5.333.000 C. 541.000 0.550.000