Trail Ltd's issued share capital has not changed since incorporation on 1 January 2020, and consists of: 400 000 Ordinary shares (issued at R2 each) 150 000 9% Preference shares (issued at R2 each) 180 000 10% Cumulative preference shares (issued at R3 each) No dividends were declared in the previous two financial years, but at the end of the current financial year on 31 December 2023, a dividend of 15c per ordinary share was declared. REQUIRED: Which one of the following amounts will be the total dividend expense on 31 December 2023? 1. R141 000 2. R250 500 3. R150 000 4. R249 000