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 is paid to the common stockholders during 2016 assuming the preferred stock is cumulative? $3,500. $22,500. $14,500. $7,000