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Organic Produce Inc. has 40.000 shares of common stock outstanding and 6.000 shares of preferred stock outstanding. The common stock is $0.08 par value, the

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Organic Produce Inc. has 40.000 shares of common stock outstanding and 6.000 shares of preferred stock outstanding. The common stock is $0.08 par value, the preferred stock is 4% 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? O A $24,000 OB $56,000 OC $3,920 D. $48,000

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