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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