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On January 2, 2017 Sheffield Corporation issued 84000 shares of 6% preferred stock at $100 par value. On December 31, 2020. Sheffield Corporation declared and

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On January 2, 2017 Sheffield Corporation issued 84000 shares of 6% preferred stock at $100 par value. On December 31, 2020. Sheffield 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? O $504000 O $2016000 O $1512000 O SO

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