Torino Company has 2,200 shares of $50 par value, 70% cumulative and nonparticipating preferred stock and 22.000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $7.500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is poid to common stockholders is Multiple Choice $200 $15.400 6 $7.900 $15,400. $7.900 $7,700. $7,500