The following information is provided for Bold Company for the year 2019:

- Preferred stock, 6%, face value $50, 1,000 issued and outstanding shares

- Common stock, face value $100, 2,000 issued and outstanding shares

- Unpaid dividends for the previous three years (2016-2018)

- The total dividend amount declared and paid in 2019 was $50,000.

How much of the 2019 dividend was paid to preferred stockholders, assuming preferred stock is non-accumulating?