The following information is provided for Slickers, Inc. for year 2016: Preferred stock, 7%, $50 par value, 1,000 shares issued and outstanding Common stock, $100 par value, 2,000 shares issued and outstanding Dividends in arrears for 2014 and 2015 Total dividends declared and paid during 2016 totaled $25,000 How much of the dividend was paid to the preferred stockholders during 2016 assuming the preferred stock is cumulative?

		$3,500.
		$10,500.
		$7,000.
		$14,500.