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 arrears 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 assumed the preferred stock is noncumulative?