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Organic Produce, Inc. has 48,000 shares of common stock outstanding and 6,000 shares of preferred stock outstanding. The common stock is $0.03 par value: the

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Organic Produce, Inc. has 48,000 shares of common stock outstanding and 6,000 shares of preferred stock outstanding. The common stock is $0.03 par value: the preferred stock is 8% noncumulative with a $100.00 par value. On October 15, 2019, the company declares a total dividend payment of 545,000. How much dividend will be paid to the preferred stockholders? O A. $45,000 OB. $18,000 OC. $1,440 OD. $36,000

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