The following information is provided for Atlantic Company for the year 2019: Preferred stock, 6%, $50 par value, 2,800 shares issued and outstanding Common stock, $100 par value, 3,800 shares issued and outstanding Dividends in arrears for three prior years (20162018) Total dividends declared and paid in 2019 were $68,000. Assume the preferred stock is cumulative. How much of the 2019 dividend payment was paid to the preferred stockholders?

$59,600.

$8,400.

$33,600.

$34,400.