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Organic Produce, Inc. has 40,000 shares of common stock outstanding and 4,000 shares of preferred stock outstanding. The common stock is $0.05 par value;
Organic Produce, Inc. has 40,000 shares of common stock outstanding and 4,000 shares of preferred stock outstanding. The common stock is $0.05 par value; the preferred stock is 6% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of $56,000. How much dividend will be paid to the preferred stockholders? OA $24,000 OB. $20,000 OC $56,000 OD $2.000
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