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The following information is provided for Bold Company for the year 2 0 2 2 : Preferred stock, 6 % , $ 5 0 par

The following information is provided for Bold Company for the year 2022:
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 arrears for three prior years (2019-2021)
Total dividends declared and paid in 2022 were $50,000.
How much of the 2022 dividend payment was paid to the preferred stockholders assuming the preferred stock is noncumulative?
Multiple Choice
$12,000
$47,000
$3,000
$38,000.
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