Luther Inc Has 2,000 Shares of 5%, $50 Par Value

Luther Inc has 2,000 shares of 5%, $50 par value, cumulative preference shares and 100,000 ordinary shares with a $1 par value outstanding at December 31, 2013, and December 31, 2014. The board of directors declared and paid a $4,000 dividend in 2013. In 2014, $24,000 of dividends are declared and paid. What are the dividends received by the preference shareholders in 2014?

A) $18,000
B) $12,000
C) $6,000
D) $5,000