The following information is provided for Slickers, Inc. for year 2019:

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 2017 and 2018

Total dividends declared and paid during 2019 totaled $25,000

How much of the dividend was paid to the preferred stockholders during 2019 assuming the preferred stock is cumulative?

a. $14,500.

b. $7,000.

c. $10,500.

d. $3,500.