Pharoah Transport has the following stock outstanding at December 31, 2022:

5% Cumulative preferred stock, $11.60 Par		$38280
Common stock, $0.10 Par		12000

Pharoah paid no dividends during 2021. During 2022, it declares $13000 of dividends. How much of the $13000 will preferred stockholders receive?

$1914

$3828

$1053

None of the answer choices are correct.