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The following information is provided for Bold Company for the year 2019: Preferred stock, 9%, $50 par value, 2.600 shares issued and outstanding Common stock,

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The following information is provided for Bold Company for the year 2019: Preferred stock, 9%, $50 par value, 2.600 shares issued and outstanding Common stock, $100 par value, 3,600 shares issued and outstanding Dividends in arrears for three prior years (2016-2018) Total dividends declared and paid in 2019 were $66,000. How much of the 2019 dividend payment was paid to the common stockholders assuming the preferred stock is cumulative? To 0 0 0 $66,000. $19,200. $46,800

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