Question 41 (1.5 points) The Matisse Co. had 10,000 shares of $100 par value, 5% cumulative preferred stock issued and Outstanding in addition to common stock. On July 1, the Board of Directors declared a dividend of $75,000. On the date of declaration the preferred stock had a market value of $300 per share and all prior year dividends have been paid. What is the amount of the dividend to be paid to preferred shareholders? $75,000 O $30,000 $50,000 O $0.00