Nichols, Inc. has 3,000 shares of 5%, $100 par value, cumulative prefered stock and 75,000 shares of $1 par value common stock outstanding at December 31 of the current year. What is the and div the prefered stockholders? OA. $300,000 OB. $3,000 OC. $15,000 OD. SO. Preferred stockholders are not guaranteed an annual dividend payment