The following information is provided for Bold Company for the year $2022$:

Preferred stock, $7\%,$$$50$ par value, $2,900$ shares issued and outstanding

Common stock, $$100$ par value, $3,900$ shares issued and outstanding $.$

Dividends in arrears for three prior years $(2019-2021)$

Total dividends declared and paid in $2022$ were $$69,000.$

How much of the $2022$ dividend payment was paid to the common stockholders assuming the preferred stock is cumulative?

Multiple Choice

$$28,400.$