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Organic Produce, Inc. has 43,000 shares of common stock outstanding and 6,000 shares of preferred stock outstanding The common stock is $0.09 par value;
Organic Produce, Inc. has 43,000 shares of common stock outstanding and 6,000 shares of preferred stock outstanding The common stock is $0.09 par value; the preferred stock is 6% noncumulative with a $100 par value. On October 15, 2025, the company declares a total dividend payment of $58,000. How much dividend will be paid to the preferred stockholders? OA. $36,000 OB. $54,000 OC. $3,870 OD. $58,000
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