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TimKim Co . has 2 , 0 0 0 shares of stock of 4 % , $ 1 0 0 par preferred stock, and 8

TimKim Co. has 2,000 shares of stock of 4%,$100 par preferred stock, and 80,000 stock of $1 par common stock outstanding on December 31,20X1. The preferred stock is both cumylative and participating. Dividends in arrears on the preferred stock totaled $2,000 on December 31,201. If TimKim pays cash aividends of $15,000 in 202, what is the total common stock dividend assuming that no additional preferred or common stock is issued during the period?
$5,000
$3,200
$4,640
$4,000
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