O Hyde Company has the following outstanding stock at the end of both 20X7 and 20X8. Preferred Stock (8%, $100 par value, 2,200 shares Issued and outstanding) Common Stock ($1 par value, 180,000 shares issued and outstanding) There were dividends that were both declared and paid in 20x7. If the company's preferred stock is CUMULATIVE and there are $1,000 of dividends in arrears from 20X7, how much of a 20X8 dividend declaration of $30,000 go to preferred stockholders? O $11,400 O $17,600 $9.300 O $18,600 O $30,000