Brewer Inc.has 5,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2020, and December 31, 2019.The board of directors declared and paid a $12,000 dividend in 2019.In 2020, A total of $60,000 in dividends are declared and paid.What are the dividends received by the preferred stockholders in 2020?
A) $42,000.
B) $30,000.
C) $18,000.
D) $15,000.
Correct Answer:
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