On January 1,2014,Bank & Rupp,Inc

Multiple Choice

On January 1,2014,Bank & Rupp,Inc.issued 100,000 shares of $1 par value common stock and 1,000 shares of $50 par value,6%,cumulative preferred stock.No dividends were declared in 2014.In 2015,Bank & Rupp declared and paid a $1 dividend to its common stockholders.Assuming all shares originally issued are outstanding,the total dividend paid to the preferred stockholders equals:

A) $2,000.
B) $6,000.
C) $3,000.
D) $1,000.