Your Company has the following classes of stock:

Cumulative Preferred stock, 6%; $100 par	3,500 shares
Common stock,$3 par	50,000 shares

Including the current year, no dividends have been paid in the last 3 years. During the second This year, Your Company paid cash dividends of $75,000. What is the dollar amount of the dividend that the preferred stockholders will receive?

Group of answer choices

$12,000

$54,000

$63,000

$21,000

$ 0