The following information is provided for Bold Company for the year 2019: - Preferred stock, 6%,$50 par value, 1,000 shares issued and outstanding - Common stock, $100 par value, 2,000 shares issued and outstanding - Dividends in atrears for three prior years (2016-2018) - Total dividends declared and paid in 2019 were $50,000. How much of the 2019 dividend payment was paid to the preferred stockholders assuming the preferred stock is noncumulative? Multiple Choice $3,000 $38,000 $12.000