What year dividend received by the preferred shareholders is

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Problem 1: Given the following for the Titan Company; the company began operations on 1/1/1. Preferred Stock, 4%, Cumulative $10,000 Common Stock $20,000 Cash Dividends paid Year 1 $ 1,000 Year 2 $ 200 Year 3 $ 2,000 Year 3 Dividends received by the Preferred shareholders is:

Select one:

a. $400

b. $800

c. $600

d. $1,200

Reference no: EM132685984

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