Question 2 4 Points The Cinnamon Company has a retained earnings balance of $84,000 and the following Equity outstanding: 15,000 preferred shares ($1.50 cumulative dividend) 80,000 common shares The preferred shares did not receive any dividends in 2020 and the Board of Directors declares $30,000 dividends in 2021. How much will each preferred share be paid in 2021? $1.00 B $2.00 C) $3.00 D) Nothing E $1.50