A Company's Board of Directors Votes to Declare a Total

Multiple Choice

A company's board of directors votes to declare a total cash dividend of $25,000.The company has 2,500 shares of $1 par common stock and 400 shares of 4%,$200 par preferred stock outstanding.What is the total amount that will be paid to preferred shareholders?

A) $1,000
B) $22,500
C) $400
D) $3,200
E) $25,000