Question 4 0 / 1 pts Parnell Limited has issued 6 000 shares of 3 per cent cumulative preferred shares issued at $5 per share and 25 000 ordinary shares. No dividends have been paid for the past two years. If the company wishes to distribute $2 per share to the ordinary shareholders, what is the total amount of dividends that must be paid in the current year? $52 700 $52 250 $50 000 $2 700