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On January 2 , 2 0 1 7 , Coronado Corporation issued 6 7 0 0 0 shares of 6 % piferred stock at $

On January 2,2017, Coronado Corporation issued 67000 shares of 6% piferred stock at $100 par value. On December 31,2020, Coronado Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?
$402000
$1608000
$1206000
$0
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