What is the total amount of dividends which should be paid

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Question - From its inception through to the year of? 2019, Quicksales Company was profitable and made strong dividend payments each year. In the year? 2020, Quicksales had major losses and paid no dividends. In? 2021, the company started making large profits? again, and was able to pay dividends to all shareholdersboth common and preferred. There are ?1500 cumulative, $7? dividend, preferred shares outstanding. What is the total amount of dividends which should be paid to the preferred shareholders in December? 2021?

A. $10,500

B. $22,000

C. $21,000

D. ?$210

Reference no: EM132723778

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