Science Co. has 10,000 shares of 6%, $100 par value, cumulative preferred stock outstanding. Each $100 share pays a $6 dividend (.06 x $100). The annual dividend is $60,000 (10,000 x $6 per share). If dividends are two years in arrears, and the company pays a total dividend (to all stockholders) of $500,000 in the third year, preferred stockholders are entitled to receive

A.$500,000.

B.$60,000.

C.$120,000.

D. $180,000.