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3000 x 700 607 = 1 Dou prere 37. Bill's Fruit Corporation has 3,000 shares of $100 par value, 7 percent cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Bill's Fruit Corporation paid cash dividends as follows: 2013, $16,500; 2014, $0; 2015, $65,000; 2016, $30,000; 2017, $15,000. The amount of dividends received by the preferred stockholders during 2017 is