Answer:
$23900
Step-by-step explanation:
Given: Cumulative Preferred stock is 5900 shares of 6% at $50.
Dividend paid in 2019= $11500
First lets calculate the value of preferred stock.
Preferred stock=

∴ Preferred stock= $17700.
Formula:
Dividend received by preferred stockholder=
![[Preferred\ stock +(Preferred\ stock-Dividend\ paid)]](https://img.qammunity.org/2020/formulas/business/college/a2rxcwumpmysurr8ov7rv1173khyz9dbdn.png)
⇒Dividend received by preferred stockholder=

⇒ Dividend received by preferred stockholder=

∴ $23900 dividend received by preferred stockholder in 2020.