Multiple Choice:

$19,000

$2.640

$2,400

$1,520

At the beginning of 2016, Emily Corporation issued 19,000 shares of $100 par, 8%, cumulative, preferred stock for $110 per share. No dividends have been paid to preferred or common shareholders. What amount of dividends will a preferred shareholder owning 100 shares receive in 2018 if Emily pays $1,000,000 in dividends