QUESTION 10 Kaldi Company has 20,000 shares of $10 par value, 5% cumulative preferred stock and 200,000 shares of $20 par value common stock outstanding. The company paid total cash dividends of $8,000 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is A. $10,000. B. $8.000. C. $12.000. D. $2,000.