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Laser Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000...

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Accounting

Laser Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2017, and December 31, 2016. The board of directors declared and paid a $2,500 dividend in 2016. In 2017, $12,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2017?

Select one:

a. $3,000

b. $8,500

c. $6,000

d. $3,500

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