Organic Produce, Inc. has 45,000 shares of common stock outstanding and 2,000 shares of preferred stock outstanding. The common stock is $0.03 par value, the preferred stock is 5% noncumulative with a $100.00 pa value. On October 15, 2019, the company declares a total dividend payment of $59,000. How much dividend will be paid to the preferred stockholders? 

 A. $1,350 

B. $59,000 

C. $10,000 

D. $6,000

Answer rating: 100% (QA)

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