The shareholders' equity of Yellowstone Corporation includes 800,000 shares of $1 par common stock and 3,000 shares of $100 par, 8%, cumulative preferred stock. The board of directors of Yellowstone declared cash dividends of $80,000 in 2018, after paying $10,000 cash dividends in 2017 and $40,000 in 2016. What is the amount of dividends preferred shareholders will receive in 2018 $24,000 $30,000 $38,000 $40,000