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Organic Produce, Inc. has 49,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.09 par value; the

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Organic Produce, Inc. has 49,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.09 par value; the preferred stock is 10% noncumulative with a $100 par value. On October 15, 2025, the company declares a total dividend payment of $46,000. How much dividend will be paid to the preferred stockholders? A. $4,410 B. $46,000 C. $20,000 D. $18,000

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